Twitter increased its revenue 28% in the first quarter, but its user growth rate slowed for the third quarter in a row, a sign that the surge Twitter got in user growth last year is petering out. Twitter reported 20% growth in daily active users to 199 million, a slowdown from the 27% year-over-year increase reported in the prior quarter, and lower than analysts had predicted. The social...
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TikTok CEO Goes to Washington With a Disparate Band of Allies

TikTok is one of the most popular entertainment services in the U.S., used monthly by nearly half of the population. Yet as the app battles for its life, it has remarkably few allies to provide support. Even those that directly benefit from TikTok, such as music labels and creators, have mixed feelings about TikTok, largely because they say it doesn’t pay its partners enough. That’s...
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