A new BBC investigation has found refugee families in Syrian camps are begging for donations on TikTok
With the social media giant pocketing up to 70 per cent of the proceeds
Children are livestreaming on the social media app for hours, pleading for digital gifts with a cash value.
BBC also found that the trend was being facilitated by so-called “TikTok middlemen”, who provided families with the phones and equipment to go live.
The BBC saw streams earning up to $1,000 an hour
but the investigation found refugees received only a tiny fraction of that.
The company said this type of content was not allowed on its platform, and it said its commission from digital gifts was significantly less than 70 per cent
Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates.
Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates, driven by strong performance in its cloud computing and AI.
Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.
Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.
The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.
Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.
Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.
Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.
On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.
Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.
The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.
Tesla is to report first-quarter earnings on Tuesday.