ByteDance is doing a lot better than sector peers such as Meta or Amazon. The company is now about the same level as Tencent, the Chinese technology group behind the platform WeChat. ByteDance does not want to confirm the figures for the time being.
LOOK. TikTok CEO must answer to US Congress
The TikTok mother has come under fire in several Western countries after the company admitted that certain employees had access to the data of US and European users. More and more governments and parliaments, including in our country, are banning the app on their staff’s business devices for fear of data theft and espionage.
For the time being, these allegations have little impact on the turnover of the parent company above TikTok, although after India there is now also a threat of a general ban in the United States. The app has more than 150 million monthly users in the US.
LOOK. “TikTok is more of a channel than a social medium”