TikTok, a popular video-sharing app, had seen progress in the past years. But there seemed to be a huge struggle now for the company. Reports said that the app might be facing huge losses of over $6 billion. Thanks to the influential people who are saying it should be deleted right away. That means you, Anonymous hackers!
Anonymous' campaign works! TikTok now loses $6 billion
Forbes reported on Saturday, July 4, that the Chinese app may face a terrible landslide from its huge sales through the years.
Due to the Anonymous warning and India banning Chinese apps, the sales of TikTok may have been slowly plunging down. And it is not a good sign for the app.
The local Chinese news site claims that ByteDance-- TikTok developer-- invested more than $1 billion to expand the Indian market. However, they didn't know that a different thing is about to happen in the future-- or that means today.
Since the Indian market was no longer allowed to use well-known Chinese apps like TikTok, the report said that the ban could cause a whopping $6 billion lost, anytime now. This amount, if reliable, would exceed all the potential losses that other banned apps had made.
As of now, TikTok nor ByteDance have made comments about the possible huge losses that the company may face in 2020. What's sure, however, was there stand against all the critics of their app.
"We collect information when you create an account and use the Platform. We also collect the information you share with us from third-party social network providers, and technical and behavioral information about your use of the Platform," said on the TikTok page. "We also collect information contained in the messages you send through our Platform and information from your phone book if you grant us access to your phone book on your mobile device."
