TikTok Sold $4.3M Weight-Loss Ads, Breaching Its Policy and Promises

  • TikTok took millions of dollars worth for ads selling damaging weight loss products, analysis shows.
  • Promoted products offer extreme weight loss via laxative drinks and fitness regimes.
  • These posts show a troubling contrast to TikTok’s claims to support body positivity.

TikTok accepted millions in ad revenue from two companies that sell weight-loss products promising extreme results, violating its own policies and calling into question its commitment to body positivity.

The platform sold ads worth $4.3 million to companies owned by the digital-wellness firm Kilo Group, according to analysis shared with Insider by the campaign group Media Matters.

It said the spending took place between November 1, 2022, and January 7, 2023, citing the digital-ad research tool Pathmatics. Collectively, the posts were viewed 415 million times, it

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Tapestry, Inc. (NYSE:TPR) Shares Sold by Avory & Company LLC

Avory & Company LLC trimmed its stake in shares of Tapestry, Inc. (NYSE:TPR – Get Rating) by 9.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,681 shares of the luxury accessories retailer’s stock after selling 3,098 shares during the quarter. Tapestry comprises 0.7% of Avory & Company LLC’s investment portfolio, making the stock its 17th biggest holding. Avory & Company LLC’s holdings in Tapestry were worth $815,000 as of its most recent filing with the Securities and Exchange Commission.

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Several other hedge funds and other institutional investors also recently modified their holdings of TPR. Vanguard Group Inc. lifted its holdings in shares of Tapestry by 2.4% in the first quarter. Vanguard Group Inc. now owns 32,654,335 shares of the luxury accessories retailer’s stock valued at $1,213,109,000 after purchasing an

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International Business Machines Co. (NYSE:IBM) Shares Sold by Wright Investors Service Inc.

Wright Investors Service Inc. lessened its position in International Business Machines Co. (NYSE:IBM – Get Rating) by 7.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 30,183 shares of the technology company’s stock after selling 2,382 shares during the period. International Business Machines makes up 1.1% of Wright Investors Service Inc.’s investment portfolio, making the stock its 28th largest holding. Wright Investors Service Inc.’s holdings in International Business Machines were worth $3,586,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Cantor Fitzgerald Investment Advisor L.P raised its holdings in International Business Machines by 97.6% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 257,335 shares of the technology company’s stock worth $33,459,000 after purchasing an additional 127,093 shares during the last quarter. Roundview Capital LLC

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