Wednesday, May 19, 2021

ByteDance co-founder Zhang Yiming to step down as CEO

Zhang Yiming, founder of TikTok owner ByteDance, told employees of the Chinese technology giant in a memo that he will step down as chief executive and be succeeded by human resource chief Liang Rubo, the company disclosed. Zhang's decision to step down comes less than a month after ByteDance named its chief financial officer Shouzi Chew as CEO of TikTok. https://ift.tt/3va6UGw
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IBM stock fell 25%+ on Tuesday, sinking further than its previous worst day of October 19, 1987, after reporting preliminary Q2 results below estimates (CNBC)

CNBC : IBM stock fell 25%+ on Tuesday, sinking further than its previous worst day of October 19, 1987, after reporting preliminary Q2 re...