ByteDance has amassed a team of more than 1,000 people to challenge Chinese rivals including Tencent in videogames, Bloomberg reported. ByteDance’s foray into gaming is part of its efforts to boost user engagement and strikes at the heart of chief rival Tencent, which is the market leader in both social media and gaming in China. ByteDance’s first two games will be released this spring and...
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For Tech CEOs, ‘Challenging’ Means Dismal

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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