Saturday, June 7, 2025

Sources: ByteDance replaced some TikTok Shop's US staff in Seattle with China-based managers after 2024 revenue hit $9B, far short of its $17.5B goal (Bloomberg)

Bloomberg:
Sources: ByteDance replaced some TikTok Shop's US staff in Seattle with China-based managers after 2024 revenue hit $9B, far short of its $17.5B goal  —  TikTok Shop initially set a goal to increase its US e-commerce business tenfold last year to $17.5 billion in transaction volume …



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SpaceX's S-1 excerpts list "manufacturing our own GPUs" among the "substantial capital expenditures" it is undertaking, with the size of the expenditure TBD (Reuters)

Reuters : SpaceX's S-1 excerpts list “manufacturing our own GPUs” among the “substantial capital expenditures” it is undertaking, wit...