First some news about us! I’m excited to share that we’ve hired Carl Wells, who leads the subscription business at Dow Jones and The Wall Street Journal, as our first Chief Commercial Officer. Joe Pompeo broke the news to Vanity Fair.

I’m really proud of the way we’ve moved the conversation in tech journalism over the past eight and a half years, and I feel really lucky to be building a business with such an amazing team and subscribers. Thank you all for being a part of it.

Déjà Vu for TikTok’s ad business

So far, most public Internet advertising companies have reported their latest round of quarterly earnings — and the picture was pretty bleak. Meta Platforms fell and offered a weak forecast. Snap is slow and doesn’t offer any prediction. YouTube was mostly unchanged and Google was worse than expected. Amazon was ready! And Twitter was… well, it was busy.

But one big kahuna hasn’t announced: privately held ByteDance, which owns TikTok.

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