TeamDML offers insights, opinions, podcasts, videos and other forms of content intended to educate and better explain trending news that is made available to the public by third parties. In this particular case, we refer to an excerpt from Reuters:
According to the Reuters report, Meta’s 2023 revenue rose 16% to $134.90 billion.
Bytedance @tiktok_us TikTok posted revenue of about $16 billion last year in the United States
ByteDance’s revenue of $120 billion in 2023 was up about 40% from a year earlier, driven by TikTok’s exploding growth, although China accounts for a big portion of the company’s sales,
— Mukund Mohan (@mukund) March 15, 2024
Earlier this week, the U.S. House of Representatives overwhelmingly approved a bill requiring ByteDance to divest TikTok’s U.S. assets within approximately six months or face exclusion from American app accessibility platforms. According to market intelligence firm Sensor Tower, TikTok was the most downloaded social media app in the United States in 2023, with 47 million downloads. Facebook and Instagram followed closely, ranking second and third with 35 million and 34 million downloads, respectively.
If Nancy Pelosi is pushing the bill to ban Tiktok, you know it’s bad for Americans pic.twitter.com/q81SrgXJ8D
— Hodgetwins (@hodgetwins) March 14, 2024
The post LOOMING: With ban on the way, TikTok shares its US revenue — and it’s staggering appeared first on Dennis Michael Lynch.
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Author: Online
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