ByteDance, the richly-valued Chinese tech startup behind video-sharing app TikTok, reportedly expects revenue to more than double in 2019 from the year prior, a dramatic increase that tracks with the rapid growth of TikTok around the world. Reuters reports that ByteDance’s internal revenue target for 2019 has been raised from 100 billion to 120 billion Chinese yuan, or roughly $16.8 billion at...
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Challenging! That’s the euphemism of the moment, used by way too many tech CEOs (including Tim Cook and Sundar Pichai tonight and Mark Zuckerberg and Evan Spiegel in recent days) to describe either 2022 or the current moment or both. Translated from corporate-speak into conversational English, it means business is bad. Just how bad became clear from the December-quarter results reported...
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