TikTok owner ByteDance reportedly hit $3 billion in net profit in 2019

TikTok’s parent company ByteDance generated $3 billion in profit last year, Bloomberg reports. Sources told the publication that ByteDance pulled in $17 billion in revenue in 2019, more than double what it made in 2018. The comfortable financial position means ByteDance can take its time with going public. Visit Business Insider’s homepage for more stories. […]

From warehouses to office space, real-estate markets are being turned upside down — and these are the winners and losers

Offices, hotels, and malls have been emptied by the coronavirus, which could lead long-term disruption in our day-to-day lives. The coronavirus has provided the largest experiment ever in remote work. Experts say it will forever change our relationship with the physical office. Flex-space providers like WeWork, Knotel, and Convene, rental startups like Sonder and Zeus […]

Switzerland launched the world’s first app based on Google and Apple’s contact-tracing tech

Switzerland is the first country to launch a contact-tracing app using the specialized contact-tracing tech released by Google and Apple. The app is only in its pilot phase at the moment, and Swiss authorities plan to roll it out more widely in June. Google and Apple released their “exposure notification” API earlier this month, and […]

A Lake of the Ozarks bar defended hosting a packed pool party, saying that social distancing isn’t the law and that it checked everyone’s temperature

The owner of a bar at Lake of the Ozarks defended hosting a packed pool party over the Memorial Day weekend. Owner Gary Prewitt said that “no laws were broken” and that people had the right to make their own decision about the risk of attending. Missouri health authorities recommend that people practise social distancing, […]

Maci Bookout Explains “Very Strict” Diet for 11-Year Old Son: I’m Not a Bad Mom!

Maci Bookout has a bit of explaining she needs to do. On Tuesday night’s new episode of Teen Mom OG, the veteran cast member revealed that she had signed up her 11-year-old son for private wrestling lessons. That’s no big deal on its own, of course. “It’s been a great outlet for him,” Bookout said […]

Global stocks are mixed after Trump promised ‘interesting’ action against China, while Europe awaits a huge new stimulus package

Global stocks are mixed Wednesday as investors weigh rising US-China tensions and the growing implications of a new draconian law on Hong Kong, while Europe awaits the launch of a major new stimulus package. S&P futures rose 1.6% and the pan-continental Euro Stoxx 50 rose 1.6%, while Hong Kong’s Hang Seng traded lower by 0.5% […]