TikTok has lowered its internal advertising revenue forecast for this year to $10 billion from its previous target of $12 billion, according to a person with knowledge of the matter. TikTok CEO Shou Zi Chew recently shared the new forecast with the app’s managers in an internal meeting, according to the person. The slashed outlook, which was first reported by The Financial Times, shows how the...
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The Weekend culture policy
What a Brazilian Steakhouse Says About the Tech Economy
Hi, welcome to your Weekend.One of my favorite tech memes is the “We’re so back” post, the kind that pokes fun at the industry returning to the good old days of expensive perks and wine-soaked dinners.I had a real-life “We’re so back” moment this week when I attended a bacchanalian feast thrown by Bain Capital Ventures at Fogo de Chão in San Francisco. Bain Capital’s private equity arm...
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