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TikTok’s Secret ‘Heating’ Button Can Make Anyone Go Viral

For years, TikTok has described its powerful For Your Page as a personalized feed ranked by an algorithm that predicts your interests based on your behavior in the app. But that’s not the full story, according to six current and former employees of TikTok and its parent company, ByteDance, and internal documents and communications reviewed by Forbes. These sources reveal...

LinkedIn Profiles Indicate 300 Current TikTok And ByteDance Employees Used To Work For Chinese State Media—And Some Still Do

LinkedIn profiles for hundreds of ByteDance employees reveal close connections between the company and China’s propaganda industry. Three hundred current employees at TikTok and its parent company ByteDance previously worked for Chinese state media publications, according to public employee LinkedIn profiles reviewed by Forbes. Twenty-three of these profiles appear to have been...

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The Federal Reserve will cut interest rates 6 times in 2024 as the economy shows clear signs of cooling down, ING says

An economy that is showing clear signs of decelerating means the Federal Reserve will cut interest rates at least six times in 2024, according to a Thursday note from ING Economics. Moderating inflation, a cooling jobs market, and a deteriorating outlook for consumer spending mean the Fed may need to cut interest rates more than the market expects.  "We have ...