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Top YouTube Executive Leaves as Competition From TikTok Grows

YouTube’s chief business officer, Robert Kyncl, is leaving the Google-owned video platform after more than a decade at the company. Ad sales at YouTube cooled in the second quarter, increasing 4.8% to $7.3 billion compared with a 14% gain in the first quarter. Alphabet (ticker: GOOGL), the parent of Google, said on its earnings call that the slowdown reflected lower spending by some advertisers. Read More...

YouTube’s chief business officer, Robert Kyncl, is leaving the Google-owned video platform after more than a decade at the company. Ad sales at YouTube cooled in the second quarter, increasing 4.8% to $7.3 billion compared with a 14% gain in the first quarter. Alphabet (ticker: GOOGL), the parent of Google, said on its earnings call that the slowdown reflected lower spending by some advertisers.

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