TikTok sets a new 'billion dollar record' worldwide
TikTok sets a new 'billion dollar record' worldwide
TikTok parent ByteDance achieves milestone as first app to surpass $10 billion in consumer spending. TikTok's revenue comes from in-app purchases of credits, used to tip creators. Social apps and the creator economy unlock new avenues for monetisation. Direct consumer monetisation projected to grow by 150% to reach $1.3 billion in 2024.
TikTok parent ByteDance achieves milestone as first app to surpass $10 billion in consumer spending. TikTok's revenue comes from in-app purchases of credits, used to tip creators. Social apps and the creator economy unlock new avenues for monetisation. Direct consumer monetisation projected to grow by 150% to reach $1.3 billion in 2024.
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TikTok parent ByteDance achieves milestone as first app to surpass $10 billion in consumer spending. TikTok's revenue comes from in-app purchases of credits, used to tip creators. Social apps and the creator economy unlock new avenues for monetisation. Direct consumer monetisation projected to grow by 150% to reach $1.3 billion in 2024. 
