The fast-growing company more than doubled its revenue from $7.4 billion in 2018 to $17 billion in 2019, according to the report, which states that it also has a cash pile of $6 billion.
Moreover, how much is TikTok worth?
The company’s value for private-equity investors is approaching $400 billion, the South China Morning Post reported.
Then, does TikTok pay money?
TikTok begins paying you starting from 1500 followers, so as your subscribers increase, they will pay you more money. It is estimated that Tik Tok pays around US$ 100 for every 10,000 followers for live shows. But one of the easiest and most effective ways to get money from TikTok is through sponsors.
Who really owns TikTok?
In an attempt to get Trump to cool his jets, ByteDance made a tentative deal over the weekend to create a US subsidiary called TikTok Global, part-owned by the US entities Oracle and Walmart. Four of the company’s five board members would be American, and the fifth likely to be the ByteDance founder, Zhang Yiming.
Is it true TikTok is getting banned in the US?
The injunction means that TikTok will remain online and usable in the United States past Nov. … TikTok was set to be effectively banned in the United States on Nov. 12 after President Trump issued an executive order in August stating it was a national security threat due to its parent company’s ties to China.