Disney is said to have slashed its advertising on Facebook and Instagram. Dozens of advertisers from Adidas to Ben & Jerry’s have bailed on Facebook recently in protest over its policies on content moderation. She said it’s hard to tell what impact it’s had on Snap so far. Snap’s chief business officer Jeremi Gorman, whom the company poached from Amazon last year, was asked about another hot tech topic, the Facebook boycott. We are definitely interested in seeing how this all develops.” “People assumed the next consumer tech hit would be a startup it seems … it is a Chinese company that offers many services around the world. government grapple with this… I think the consumer has shifted a little bit with the success of consumer tech from China,” he said. market, which is smaller in terms of population. The platform, Spiegel said, leveraged success in China, the second-largest economy in the world, to enter the U.S. It is reportedly considering changes in TikTok’s corporate structure, including moving its headquarters out of China, to defuse the issue. Snap Q2 Daily Active Users Up 35M Year-On-Year To 238M Revenue Grows 17% To $454M, Net Loss WidensīyteDance has denied that the Chinese government influences its business and recently hired former Walt Disney executive Kevin Mayer as COO, and as CEO of TikTok.

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