TikTok ban: all the news on the app’s shutdown and return in the US
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A potential US ban doesn’t seem to be slowing TikTok down.
The Information reports that TikTok’s parent company ByteDance grew its overall revenue to $73 billion in the first half of 2024 — just shy of Meta’s $75.5 billion. The share of ByteDance’s revenue that comes from TikTok grew to 23 percent, meaning its operations outside of China are increasingly important for the company’s bottom line.
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