TikTok slashed its revenue target for this year by $2 billion as the popular video-sharing app is dealing with the same global online advertising slump that's impacting all major tech firms, including and Twitter. The revenue targets were chopped by 20 percent, from a projected $12-$14 billion to about $10 billion. CEO Shou Zi Chew announced the slash during a virtual all-hands meeting in September, four people told the . In that meeting, staffers were blamed for not driving enough sales in the areas of advertising and ecommerce, the business publication reported.
Load More
Load More