Saturday, June 18, 2022

We're not an entertainment platform, not a social network: TikTok

TikTok has clarified that it is not interested in copying Facebook as it is not a social network but an entertainment platform, as Meta CEO Mark Zuckerberg seeks to make Facebook and Instagram to be more like TikTok. https://ift.tt/6nmCysu

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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...