According to a report from data.ai, TikTok is now the first non-gaming mobile app to generate $10 billion in consumer spending. The report also predicts that the app will reach another milestone of $15 billion in consumer spending next year. TikTok has joined an elite group, becoming one of only five apps to do so.
Yahoo Finance Tech Reporter Dan Howley joins the Live show to put these numbers into context and discuss what this means for the video app going forward.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Sheesh that’s a lot of money on ab rollers
I hope people see this and consider how not long ago people wanted to ban TikTok just for being Chinese and apply it to the company DJI that is getting the same grief but producing stuff that will make or save a lot of individual Americans profit.