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 Real CNN Drama is Cable News' Growing Irrelevance
To paraphrase Tolstoy, each unhappy TV channel is unhappy in its own way. And as illustrated by the leadup to the Wednesday exit of CNN’s CEO, Chris Licht, the cable news channel hasn’t been a happy place lately. That’s not likely to change now that Licht is gone. Beyond the gossipy drama behind his departure is the reality that CNN and its corporate parent, Warner Bros. Discovery, are both...
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Adam D’Angelo is basking in an “ endless summer ” of artificial intelligence. A few weeks before he and 350 industry peers released a bizarre, one-line statement warning that AI could herald a nuclear-level extinction event, the 38-year-old co-founder of Quora told me he actually sees more upside in AI than downside.