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Stockreport

TikTok is taking power away from a top US shopping exec [Business Insider]

Amazon.com, Inc. (AMZN)  More Company Research Source: Business Insider
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
It's the latest move to shift management of TikTok Shop under global leadership. TikTok is continuing to consolidate control of its US e-commerce operations under Chinese and global leadership. In the latest move, Nico Le Bourgeois , head of US operations for TikTok Shop , is getting pulled under Mu Qing, a former e-commerce VP for TikTok's Chinese sister app, Douyin , three staffers told Business Insider. Mu Qing, who recently took over control of other central US Shop teams like creator and agency partnerships, will now also oversee US operations. Le Bourgeois will continue to manage the company's work with US-based merchants selling in the local market, but will now report to Mu Qing rather than ByteDance's e-commerce head Bob Kang. A TikTok spokesperson declined to comment. Le Bourgeois did not immediately respond to a request for comment. The restructuring, announced to staffers in a memo from Kang last week, is the latest in a series of power shifts that have shaken u [Read more]
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Stockreport

TikTok is taking power away from a top US shopping exec [Business Insider]

Amazon.com, Inc.  (AMZN) 
More Company Research Source: Business Insider
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
It's the latest move to shift management of TikTok Shop under global leadership. TikTok is continuing to consolidate control of its US e-commerce operations under Chinese and global leadership. In the latest move, Nico Le Bourgeois , head of US operations for TikTok Shop , is getting pulled under Mu Qing, a former e-commerce VP for TikTok's Chinese sister app, Douyin , three staffers told Business Insider. Mu Qing, who recently took over control of other central US Shop teams like creator and agency partnerships, will now also oversee US operations. Le Bourgeois will continue to manage the company's work with US-based merchants selling in the local market, but will now report to Mu Qing rather than ByteDance's e-commerce head Bob Kang. A TikTok spokesperson declined to comment. Le Bourgeois did not immediately respond to a request for comment. The restructuring, announced to staffers in a memo from Kang last week, is the latest in a series of power shifts that have shaken u [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AMZN
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS