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Stock impact report

TikTok Raises Profile In Digital Ads, Hires Disney Streaming Boss As CEO [Investor's Business Daily]

Digital Realty Trust, Inc. (DLR) 
Last digital realty trust, inc. earnings: 2/13 04:50 pm Check Earnings Report
US:NYSE Investor Relations: investor.digitalrealty.com
Related news Surging popularity for burgeoning social media site TikTok amid the global coronavirus lockdown has Wall Street buzzing. In a big move, TikTok on Monday hired the boss of Walt Disney 's ( DIS ) video streaming operations as its new chief executive. Kevin Mayer, TikTok's new CEO, led the launch of Disney's revamped video streaming services in late 2019. He'll also be chief operating officer of privately held Chinese parent ByteDance, TikTok's parent, effective June 1, reports say. The big question now is whether the video-sharing app will break out soon in digital advertising and compete for dollars with big brands like Snap ( SNAP ), Facebook ( FB ) and Alphabet 's ( GOOGL ) Google. U.S. downloads of the short-form video app shot up in the first quarter, despite the U.S. government last year voicing concerns over ByteDance. U.S. lawmakers are worried about the consumer data TikTok is gathering. In addition, TikTok has been called a national security threat amid U.S. trade Show less Read more
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