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Rise of ByteDance's CapCut threatens market share of Adobe and Canva

Business Standard LogoBusiness Standard5h ago

Rise of ByteDance's CapCut threatens market share of Adobe and Canva - Business Standard

Quick Summary:

ByteDance’s better-known app TikTok has been the subject of long-running concern from lawmakers about potential security threats to users from the Chinese government.

While the CapCut development team is separate from TikTok, US employees share office space in Los Angeles, according to a person familiar with the company who asked not to be identified.

Jalen, a lifestyle content creator with nearly 20,000 TikTok followers who asked to be identified by his first name, said he was drawn to CapCut because of its simple interface and popularity with other TikTokers.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-29 @ 23:23:31 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 931 words

Reading Time: 6 minutes read

Sentences: 37 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21831860

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About Business Standard

Business Standard Logo

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 310 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 4 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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