Wednesday, February 19, 2025 | 09:56 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

India TikTok ban causing $500,000 daily loss, risks jobs: China's Bytedance

The ban has also worried the social media industry in India as it sees legal worries mounting if courts increasingly regulate content on their platforms.

tiktok, tiktok app
Premium

Reuters New Delhi
India's ban on popular Chinese video app TikTok is resulting in "financial losses" of up to $500,000 a day for its developer, Beijing Bytedance Technology Co, and has put more than 250 jobs at risk, the company said in a court filing seen by Reuters.

TikTok allows users to create and share short videos with special effects and is one of the world's most popular apps. It has been downloaded by nearly 300 million users so far in India, out of more than 1 billion downloads globally, according to analytics firm Sensor Tower.

Earlier this month, an Indian state court
Topics : TikTok

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in