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People love a good TikTok challenge, but the short-form video hosting platform is facing one of its own: surviving an intensifying digital advertising downturn.

The ad spending slowdown is tearing through the world of social media, sparing no one -- not even the highly addictive overlords of the attention economy, TikTok -- in its wake. On Tuesday, the short-form video app announced a major restructuring to its US operations c-suite, according to a report from the Financial Times.

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Source Fool.com