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Income Tiktok Achieve Hundreds of Millions of Dollars in 2019

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Berita Terkini
Income Tiktok Achieve Hundreds of Millions of Dollars in 2019

TikTok is a very popular application among teens the United States. Previously, this app was launched in the year 2017. Not long afterwards, TikTok merged with the American company, Musical.ly, purchased ByteDance with the price of 1 billion United States dollars.

But recently, the U.S. Army banned soldiers using the app inevitable for security reasons. The tension between the U.S. and China has increased in recent years, partly driven by the attitude of the government Trump on trade, and it has expanded to the sector of the technology industry.

ByteDance is one of the technology companies with valuations expected to reach US$ 80 billion, or around Rp 1.1 trillion, as reported by TechCrunch in 2018. With valuation, the company is judged likely to carry out an initial share sale to the public or an IPO in 2020.

this Article has been published in the Katadata.co.id with the title "Income Tiktok Achieve Hundreds of Millions of Dollars in 2019" , https://katadata.co.id/berita/2020/01/06/pendapatan-tiktok-capai-ratusan-juta-dolar-pada-2019
Author: Cindy Mutia Annur
Editor: Agustiyanti

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