![](\"http:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/03\/tiktok-s-us-revenue-hits-16-bln-as-washington-threatens-ban.jpg\")
China\u2019s ByteDance-owned TikTok posted revenue of about $16 billion last year in the United States, where the viral video app that has hooked Gen Z users is at the risk of being banned, the Financial Times reported on Friday.<\/p>\nChina\u2019s ByteDance-owned TikTok posted revenue of about $16 billion last year in the United States, where the viral video app that has hooked Gen Z users is at the risk of being banned, the Financial Times reported on Friday.<\/p>\n
ByteDance\u2019s revenue of $120 billion in 2023 was up about 40 per cent from a year earlier, driven by TikTok\u2019s exploding growth, although China accounts for a big portion of the company\u2019s sales, the FT reported, citing five people with knowledge of the matter.The short video app, used by about 170 million Americans, achieved record sales in the United States in 2023, according to the report.ByteDance, nicknamed \u201cApp Factory\u201d due to its frequent releases of mobile applications, is on track to overtake Facebook-parent Meta Platforms (META.O) as the world\u2019s largest social media company by sales, the report added.Meta\u2019s 2023 revenue rose 16 per cent to $134.90 billion.ByteDance did not immediately respond to a Reuters request for comment.The US House of Representatives on Wednesday overwhelmingly passed a bill that would give ByteDance about six months to divest the US assets of TikTok, or face a ban.TikTok was the most downloaded social media app in the United States in 2023, with 47 million downloads. Facebook and Instagram came in at second and third place, with 35 million and 34 million downloads, respectively, according to market intelligence firm Sensor Tower.Follow the
\nCyprus Mail on Google News<\/p>\n","protected":false},"excerpt":{"rendered":"
ByteDance, the owner of TikTok, reported a revenue of about billion from TikTok in the United States last year. ByteDance’s total revenue in 2023 was 0 billion, marking a 40% increase from the previous year. TikTok, which is used by about 170 million Americans, saw record sales in the United States in 2023. ByteDance is anticipated to surpass Meta Platforms as the world’s largest social media company by sales. Meta’s revenue in 2023 increased by 16% to 4.90 billion. The US House of Representatives passed a bill that could lead to a ban on TikTok if ByteDance does not divest its US assets within six months. TikTok was the most downloaded social media app in the United States in 2023, with 47 million downloads, followed by Facebook and Instagram with 35 million and 34 million downloads, respectively.<\/p>\n","protected":false},"author":3,"featured_media":4368,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[2149,2148,486,279,3,249,250,1823,252,687,817,1875,2147,544,380,1945,18],"class_list":["post-4367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cyprus","tag-ban","tag-bytedance","tag-china","tag-comment","tag-cyprus","tag-facebook","tag-google","tag-increase","tag-meta","tag-meta-platforms","tag-social-media","tag-tiktok","tag-tiktok-revenue","tag-united-states","tag-us","tag-viral-video","tag-world"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"\n