ByteDance is set to rake in the equivalent of $27 billion from ad revenue, Reuters said. The report is in line with a figure revealed earlier by The Information. In July, The Information said that ByteDance’s advertising revenue was expected to rise 60% to as much as $27 billion this year, while the company will also generate revenue from ecommerce. The growth is coming mostly from its...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
The Briefing markets media/telecom
DoorDash Should Buy Instacart Now
Instacart’s stock price performance so far brings to mind a variation on the old line about love: Is it better to have gone public and lost, or never to have gone public at all? The shares fell 9% on Monday to $26.96, 10% below its IPO price, following our scoop that the Wall Street analysts at the banks underwriting the offering are projecting a severe slowdown in Instacart’s growth in the...
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Exclusive startups ai
Y Combinator’s Garry Tan Goes to the Mat
Musk’s X Cuts Half of Election Integrity Team After Promising to Expand It