New European and US research from TikTok and AYTM shows how the luxury market is evolving to adapt to younger generations with 70% of the luxury buyers on TikTok having spent over £1,000 on a single fashion item. Reuters The social media company spoke to over 3,000 adults across the UK, US, France and Italy…
By Bloomberg Published June 1, 2025 As the latest deadline for TikTok to be sold or banned in the US approaches, we’ll find out next month whether the app will continue to be a fixture on American phones or not. See catwalkFendi – Fall-Winter2025 – 2026 – Womenswear – Italie – Milan – ©Launchmetrics/spotlight A decline in fashion…
A Virginia man has been charged with second degree murder after fatally shooting a teenager who was filming a prank for TikTok known as “ding dong ditch” with two friends around 3 a.m. on Saturday, according to court records and local authorities. The Spotsylvania Sheriff’s Office responded to a reportof a resident firing shots during…
TikTok was fined 530 million euros ($600 million) on Friday for violating a European Union data privacy law after regulators found the company had improperly transferred users’ personal data to China. The Irish Data Protection Commission, which announced the penalty, said TikTok failed to adequately protect data of its users in Europe, including some that…
TikTok Shop said it’s accelerating discovery commerce with the release of a new playbook for enterprises in the UK. It aims to help retailers take advantage of an e-tail high-growth opportunity. The playbook comes as the platform has been announced as the fastest growing online shopping platform in 2024. And it said discovery commerce “combines the…
By ETX Daily Up Published April 26, 2025 TikTok abounds with viral videos accusing prestigious brands of secretly manufacturing luxury goods in China so they can be sold at cut prices. AFP But while these “revelations” are spurious, behind them lurks a well-oiled machine for selling counterfeit goods that is making the most of the…
Chinese manufacturers are flooding TikTok and other social media apps with direct appeals to American shoppers, urging people to buy luxury items straight from their factories. And amid the threats of sky-high tariffs on Chinese exports, Americans seem to be all in. The pitch in the videos is that people can buy leggings and handbags…
Last Wednesday, the Trump administration believed it had a plan to save TikTok. ByteDance, TikTok’s Chinese owner, along with some of its U.S. investors, and officials in Washington had coalesced around a new ownership structure for the popular video app, four people familiar with the situation said. That structure, the people said, would help TikTok…
By Reuters Published April 3, 2025 As the weekend deadline for TikTok to find a buyer approaches, bidders for the short-video social media site are piling up. Reuters Amazon and, separately, a consortium led by OnlyFans founder Tim Stokely are the latest to throw their hats into the ring for TikTok. The site faces an April 5…
The private equity giant Blackstone is weighing taking a small stake in TikTok ahead of an April 5 deadline set by President Trump for the Chinese-owned app to change its ownership or face a U.S. ban under federal law, two people familiar with the situation said. Investing in TikTok would give Blackstone the chance to…