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TikTok ban causing $500,000 daily loss, risks jobs, says app maker Bytedance

Updated : April 23, 2019 02:46 PM IST

Acting upon instructions from the federal IT ministry, Apple Inc and Alphabet Inc's Google last week removed TikTok from their India app stores.
Bytedance pegged financial losses at $500,000 each day, which it said includes destruction in the value of its investments and loss of commercial revenue.
Memes and music videos thrive on TikTok, although some clips show youngsters, some scantily clad, lip-syncing and dancing to popular tunes.
TikTok ban causing $500,000 daily loss, risks jobs, says app maker Bytedance

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