The TikTok app, owned byByteDance, generated revenues of about $16 billion last year in the United States.
The widespread video app that faces the risk of being banned, generated revenues amounting to $120 billion in 2023, rosing by about 40% over the previous year, driven by the tremendous growth of the TikTok app, even though China represents a large share of the company’s sales.
The short video app, used by about 170 million Americans, achieved record sales in the United States in 2023, according to The Financial Times report.
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