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Insiders say ByteDance exerting increasing influence over platform despite US pressure over ownership
...Billions of dollars of ByteDance RSUs vested last year after the group, in an effort to appease employees, waived a “liquidity event” trigger for the stock units....
...Patrick Murphy, a partner at GTS, said: “Twitter, Snap and Pinterest all had successful prints, all closed above the pricing, all traded 100 per cent of their float on the first day and all traded on the...
Social media company cancels Steve Huffman’s performance awards based on hitting $25bn market value
...Mark Zuckerberg rekindled investor fears that he would not control costs at Meta after vowing to increase spending and turn the social media group into “the leading AI company in the world”, sending its...
...hannah.murphy@ft.com...
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...One big winner was the Newhouse family, who through Advance Magazine Publishers Inc own Condé Nast, which bought Reddit in 2006 for $10mn before spinning it out in 2011....
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TikTok’s Chinese owner offers nearly $171 a share as US employees grow concerned about tax bill on unsold stock
...at “punishing” the group for exercising free speech....
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...Meta has released a new and less “sanctimonious” version of its artificial intelligence model, as the social media group races against Microsoft-backed OpenAI and Google to develop the cutting edge technology...
...In January, Republican lawmakers grilled TikTok chief executive Shou Zi Chew over whether the group has ties to China, which he denied....
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Social media company’s earnings underwhelmed investors a day after it announced lay-offs
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...Hannah Murphy: When Pinterest first went public, I described it in the FT as the world’s most wholesome social media platform. Do you think that’s accurate?...
Lawsuit from former global marketing head criticises corporate culture at popular app owned by China’s ByteDance
...It is the only platform that continues to allow Iran-linked militant groups to operate and disseminate their content, including Hamas, Hizbollah and a variety of Iraqi militia groups....
...is an FT tech correspondent based in San Francisco Join our online book group on Facebook at FT Books Café and subscribe to our podcast Life & Art wherever you listen...
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