Walmart is an American company known for its big box retail stores selling every day goods, casual clothing, groceries and TVs. That is a far cry from the youthful culture of teens that flock to TikTok for entertaining dance videos, lip syncing performances and comedy routines.
Vanessa Pappas, currently general manager of TikTok, will become interim head, according to a letter to the company’s employees. The former Disney executive made the decision to leave after President Donald Trump ordered a ban on TikTok unless ByteDance sold its US assets to an American company within 90 days, the people briefed on the matter added.
“[Apple has] this unique stranglehold as a gatekeeper on what gets on phones,” Zuckerberg said to more than 50,000 employees via webcast. He added that the Cupertino, California–based company’s app store “blocks innovation, blocks competition” and “allows Apple to charge monopoly rents.”
According to new numbers out of Gartner, worldwide sales dropped 20.4% for the second quarter. The numbers are in keeping with the drops seen in Q1. The culprit is, of course, COVID-19. Global lockdowns and slowed economies have led to further decreasing interest in smartphones. As many users have shifted disposable income to upgrading their home offices, they’ve understandably deprioritized mobile devices, accelerating recent trends.
Our mailing address is:
1050 Walnut St #202
Boulder, CO 80302
If you were forwarded this newsletter and you like it, you can subscribe here.
If you don’t want these updates anymore, please unsubscribe here.
Manage all your newsletter subscriptions here.
This newsletter is carefully curated with Revue