TikTok's Entry Into Music Streaming Raises Concerns For Spotify, Novo Nordisk Accuses Pharmacies Over Illegal Sale Of Obesity Drugs, ChatGPT's Popularity Takes a Hit: Today's Top Stories
Reuters TikTok's Entry into Music Streaming Sector Raises Concerns for Spotify's Market Share Spotify Technology S.A. (NYSE: SPOT) could be up for a rough ride as ByteDance Ltd-owned short-video company TikTok shared plans to launch a new music streaming service in Brazil and Indonesia. Previously ByteDance said it would stop its existing music streaming service Resso as of September 5 in both countries and maintain its operations only in India. Last year reports suggested ByteDance was eyeing e