ByteDance Reports 35% Year-on-Year Revenue Growth to $73 Billion in First Half of 2024, with International Revenue Surging Over 60%
November 05, 2024 – According to a report by The Information, ByteDance has achieved remarkable growth in its international revenue, increasing by over 60% in the first half of this year to reach approximately $17 billion. Furthermore, the company’s total revenue for the same period was primarily driven by advertising and e-commerce businesses from its…
ByteDance’s 2024 Net Profit Hits $33B with Sluggish 6% Growth YoY
April 11, 2025 – Insider sources cited by The Information have revealed that ByteDance achieved a net profit of $33 billion in 2024, marking a modest 6% year-over-year increase that significantly trails the growth rate recorded in 2023. During a recent earnings disclosure to select investors, company executives acknowledged that profit margins had peaked, citing…
ByteDance Welcomes French Tycoon Xavier Niel to Its Board
September 02, 2024 – According to the official English website of TikTok’s parent company, ByteDance, Philippe Laffont, the founder of Coatue Management, has stepped down from the company’s board. Meanwhile, Xavier Niel, the French billionaire and founder of Iliad Telecom Group, has joined the ByteDance board. Xavier Niel, a French businessman with a strong presence…
Nobel Laureate Foresees the Demise of Gas Stations by 2050, Ushering in the Era of Electric Vehicles
July 05, 2024 – Nobel Prize winner in Chemistry, Akira Yoshino, has recently stated that gas stations may cease to exist by 2050. Yoshino, who revolutionized the battery industry by developing the world’s first rechargeable lithium-ion battery prototype in 1983, envisions a future where fossil fuel-powered vehicles are phased out in favor of electric alternatives….
Unveiling the Galaxy S23 FE: Samsung’s Flagship with OneUI 6.0
June 20, 2023 – As technology continues to advance, Samsung enthusiasts eagerly await the launch of the highly anticipated Galaxy S23 FE. This upcoming smartphone is poised to redefine the Android experience with its cutting-edge features and innovative design. Rumored to be released in the third quarter of this year, the Galaxy S23 FE is…
Nvidia Forges Strategic Alliance with Saudi Arabia, to Supply Massive AI GPUs to PIF-Backed Firms
May 14 2025 – Nvidia unveiled a strategic collaboration with Saudi Arabia yesterday, aiming to significantly contribute to the nation’s sovereign digital infrastructure development while nurturing local tech talent, with the ambition of elevating Saudi Arabia to a prominent position in the global AI leadership landscape. HUMAIN, a subsidiary specializing in AI under Saudi Arabia’s…
iOS 17.2.1 Launches as Apple Discontinues Verification for Previous Versions
December 20, 2023 – In a recent development in the tech world, Apple has taken a significant step by discontinuing the verification channels for iOS 17.1.1 and iOS 17.1.2. This decision has important implications for iPhone users, as it means that once they upgrade their devices, reverting back to these specific versions is no longer…
Tesla’s Giga Texas ‘Cybertunnel’ Nears Completion, Resembles a Cybertruck at the Exit
December 31, 2024 – Tesla’s Gigantic Texas factory, known as Giga Texas, is in the final stages of completing a unique project dubbed the “Cybertunnel”. Although the construction workers seem to have missed the deadline for a New Year’s completion, the project is increasingly resembling a Cybertruck in its appearance. Earlier this month, Joe Tegtmeyer,…
Apple’s Ambitious 5G Modem Project Faces Setbacks, Potential Delay to 2026
November 17, 2023 – In the latest edition of Power On by Bloomberg’s Mark Gurman, it is revealed that Apple’s in-house 5G modem development is facing significant challenges. Following Apple’s acquisition of a substantial portion of Intel’s smartphone business in 2019, the company embarked on the serious undertaking of developing its own modem hardware. However,…
Elon Musk Steps Down as Twitter CEO, Assumes New Roles as Chairman and CTO
May 12, 2023 – In a surprising announcement on Thursday, Elon Musk revealed on social media that he would be stepping down as the CEO of Twitter. Instead, he will be taking up the roles of Chairman and Chief Technology Officer, overseeing product development, software, and system advancements. Musk mentioned that a female executive would…