Two of TikTok's competitors are merging

On Tuesday, Clash announced it was acquiring Byte, a short-form video app launched by a cofounder of Vine, the beloved six-second video app owned and shut down by Twitter. Terms of the Byte deal were not disclosed. It’s just the latest example of M&A activity and strategy shifts among TikTok rivals after a roller coaster year. TikTok appeared to be on the cusp of getting banned in the US, where it counts 100 million users, only to outlast the Trump administration, which had been pushing to shut it down in the country because its parent company is based in China.

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

Right-wing media figures dishonestly use Colin Powell's death to question Covid vaccines

While Powell was fully vaccinated, he was also battling multiple myeloma, a cancer that suppresses the immune system, making him more susceptible to the...

North America's biggest container port faces record backlog

"We have about two weeks' worth of work sitting at anchor right now," Seroka said in an interview with CNN's Jake Tapper. "The question...

Sharks’ Evander Kane handed lengthy suspension by NHL for using fake vaccination card

San Jose Shark Evander Kane (9) skates off the ice during the first period of the NHL game against the...