Cerebras Revenue Forecast Tops Expectations, but Margin Concerns Weigh on Stock 
Anthropic AI Model Uncovers Vulnerabilities in Classified U.S. Government Systems During Security Test 
Trump Says Anthropic No Longer Seen as National Security Threat 
Meta Reportedly Developing ‘Arena’ Prediction Market App to Rival Polymarket and Kalshi 
Samsung and SK Hynix Shares Jump After Micron Earnings Boost AI Chip Optimism 
U.S. Dollar Reaches One-Year High as Tech Sell-Off and Fed Rate Hike Expectations Support Demand 
Tencent Reviews Marvelous Stake as Gaming Giant Reassesses Global Investment Strategy 
Oracle Cuts 21,000 Jobs as AI Reshapes Workforce and Cloud Expansion Accelerates 
Alphabet Replaces Verizon in Dow Jones Industrial Average 
WiseTech Global Denies Knowledge of Investigation Into Founder Richard White 
Alibaba Shares Fall After Anthropic Alleges Massive AI Model Distillation Campaign 
Doncasters Raises $919 Million in NYSE IPO as Aerospace Growth Accelerates 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
How AI prompting turned writerly description into an everyday skill 
Qualcomm Nears $4 Billion Acquisition of AI Chip Startup Modular 
Meta Pauses Employee Activity Tracking Program Over Data Security Concerns 
South Korea Remains MSCI Emerging Market Despite Reform Progress 
ByteDance taps TikTok CEO Shou Zi Chew to steer Lemon8, its fresh social media app, amid a corporate reshuffle and escalating tension between TikTok and the West. Launched in February, the lifestyle-oriented Lemon8 has surged into the top 10 US app downloads, impressing users and industry insiders alike.
Meanwhile, the reorganization required Shanghai-based Lemon8 head, Stephanie Cheng, to relocate to Singapore and now report to Chew instead of ByteDance executive Alex Zhu.
Lemon8, a video and photo-sharing platform similar to Pinterest and Instagram, was launched in the US and UK just last February but is now among the top 10 most downloaded apps in the US app stores, with nearly 1 million downloads from late March to early April alone.
Due to the tension between TikTok and Western countries, people perceive that TikTok owner ByteDance might be grooming Lemon8 to rival Instagram,
Lemon8 is popular with users who share lifestyle content related to food, travel, beauty, and wellness.
There have been reports of phony brand accounts, and major brands have not yet been reported on the Lemon8 app.
Despite this, a lot of people who work in the culinary industry, including Tony Bisciglia, a co-owner of the restaurant 1033 in Milwaukee, Wisconsin, believe the app will help him promote his establishment.
According to Bisciglia, he thinks Lemon8 has the potential to greatly increase the awareness of his company.
He said that with Lemon8, they could introduce a larger audience to their distinctive wine and cuisine products.
Bisciglia added that customers could find their restaurant and share their experiences with others easily thanks to the app's user-friendly UI and social media integration. Lemon8 was created primarily to assist businesses in increasing their visibility and establishing connections with potential clients.
ByteDance, known for its TikTok app, owns the globally popular video-editing platform CapCut.
Since CapCut's international launch in 2020, its popularity and brand recognition have both skyrocketed in tandem with TikTok. As it works with Instagram and other platforms, it is also popular with non-TikTok users.
Photo: Solen Feyissa/Unsplash
