Wednesday, May 19, 2021

In an internal memo, Zhang Yiming, the co-founder of ByteDance, says he is stepping down as CEO and will be succeeded by co-founder Rubo Liang (Echo Wang/Reuters)

Echo Wang / Reuters:
In an internal memo, Zhang Yiming, the co-founder of ByteDance, says he is stepping down as CEO and will be succeeded by co-founder Rubo Liang  —  (Reuters) - Zhang Yiming, the co-founder of TikTok owner ByteDance, told employees of the Chinese technology giant in an internal memo seen …



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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...