SINGAPORE—TikTok’s slashing of its advertvertising-income outlook reveals the quick-rising brief-video app isn’t Resistant to the advert weak spot reported by completely different social-media corporations.
TikTok has lowered its goal for this yr’s advertvertising income to $10 billion from A minimal of $12 billion, Chief Authorities Shou Zi Chew informed staff in An internet-based mostly meeting that Occurred in current weeks, Based on The staff who attended the meeting.