TikTok Parent Guts a Major Division

Published by
The Street

By Michael Tedder ByteDance has decided to tone down its efforts in a key area. The China-based company ByteDance is mainly known for the billion-user strong app TikTok. You know, the app that turns the most random songs possible into a dance craze, the app that finally provided Fleetwood Mac with their long-awaited big break, the app that has created fashion trends that scandalized Disney, and the app that some young people are, perhaps unwisely, using for financial advice. Well, ByteDance isn’t just TikTok. But it seems that its plans to expand have hit a rough patch lately, as it has report

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