[BIG TECH]■ STORY TIMELINE

TIKTOK CUTS MUSIC LABEL JOBS, BETS ON DIRECT ARTIST TIES

TikTok is eliminating positions focused on music label relations, redirecting resources toward SoundOn, its in-house music distribution platform, and other direct-to-artist initiatives.

2 SOURCESFIRST SEEN MAY 29, 01:50 AM► READ THE ARTICLE

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Sources: TikTok is cutting music label-facing jobs to focus on its music distribution arm SoundOn and other projects that connect it more directly with artists (Bloomberg)

Bloomberg: Sources: TikTok is cutting music label-facing jobs to focus on its music distribution arm SoundOn and other p…

Techmeme+3h 50m

Sources: SpaceX is currently targeting an IPO valuation of at least $1.8T, down from a previous $2T+ target, after consultations with advisers and investors (Bloomberg)

Bloomberg: Sources: SpaceX is currently targeting an IPO valuation of at least $1.8T, down from a previous $2T+ target,…

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