TikTok, Struggling With Slowing Digital-Advertising Industry, Lowers Ad-Revenue Outlook

Name Art / 11/11/2022 / Business News

The company has cut its target for this year’s ad revenue to $10 billion from at least $12 billion, CEO Shou Zi Chew told staff in recent weeks.

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Category Business News Tag AdRevenue advertising Advertising Services Advertising/Marketing/Public Relations Business Business/Consumer Services C&E Industry News Filter Cloud Computing Computer Services consumer services Content Types corporate Corporate/Industrial News Data Services DigitalAdvertising Earnings Earnings Projections entertainment Factiva Filters Financial Performance industrial news Industry Industry Profiles Lowers marketing Markets Markets/Marketing MEDIA Media/Entertainment Online Service Providers outlook Public Relations Sales Figures Slowing social media platforms Social Media Platforms/Tools Struggling SYND Technology TikTok tools WSJ-PRO-WSJ.com wsjcorp

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