tiktok

• Peloton sees stock market bump after announcing TikTok fitness hub
• TikTok will take a bigger cut from its Shop as it seeks $17.5 billion in annual U.S. ecommerce revenue

  TikTok is increasing its commission on Shop transactions to 8% as it looks to push annual U.S. ecommerce revenue as high as $17.5 billion.

  
• TikTok defied a ban attempt in Montana. Can it challenge social media age limits in Utah?

  After winning a key legal victory in Montana, TikTok is joining forces with other tech companies to file a lawsuit against the state of Utah.

  
• An ad agency ran a standalone campaign on YouTube Shorts. The results compared favorably to TikTok.

  Agency Precise.TV measured YouTube Shorts ads against TikTok ads by running short-form campaigns for brands like Asics.

  
• YouTube is still teens’ top social media site–and that popularity translates to sales
• TikTok quietly changed its terms of service. Will need arbitration rules prevent future lawsuits?
• TikTok’s first concert was its biggest livestream yet
• Around the World: TikTok makes moves in Indonesia, Italy fines YouTube, and Brazil enacts “crypto tax”
• On the Podcast: TikTok Shop’s $500 million bet
• One-third of U.S. teens use a social app “almost constantly” (and not all of them are on TikTok)
• Congress is putting off its plan to regulate TikTok until 2024 (but GOP hopefuls still have takes)
• After leaving TikTok, V Pappas brings #BookTok knowledge to Simon & Schuster board