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TikTok. They post the full math toward the bottom. TikTok took 69% off the top, the money transfer shop took 10% of the remainder, and the middleman got a 35% c
by yojo 4y ago
TikTok. They post the full math toward the bottom. TikTok took 69% off the top, the money transfer shop took 10% of the remainder, and the middleman got a 35% cut of what was left, leaving the family with $19 of the original $106 donation
- jasonlotito 4y ago> TikTok took 69% off the top So, is the App store not taking 30% off the top (29.68)? TikTok would end up with $43, and the result is $33. Withdrawing from the Local Money transfer shop is outside of TT, and then after that, I don't know what "TT middlemen" are, but that happens after the withdrawal happens to get the numbers they are sharing. The shop and the middleman are outside the control of TikTok. But you can't ignore the app store's cut.
- yojo 4y agoYou’re right. I didn’t consider the AppStore. From the article, a $103 donation ended up as a balance of $33 in the TikTok account. If we assume TikTok has not negotiated a better rate (doubtful), then the math looks like: Donation: $106 After App Store 30%: $74.20 After TikTok: $33 Which puts the TikTok commission at a (still egregious IMO) 55%
- MisterBastahrd 4y agoThis pales in comparison to the 100% of nothing they'd receive if they didn't use TikTok.
- protoc 4y agoConsidering the amount of video bandwidth a person watches and the lack of obvious ads, 55% isn't egregious in the big picture of things.
- yojo 4y agoFair point. I guess Twitch takes 50% from their streamers (and runs ads for the folks who don’t sub). YouTube takes 30%. So TikTok is at the high end, but the number is not as insane as it first appeared to me.
- rednerrus 4y agoTikTok does the heavy lifting here of getting people to your stream.
- computerfriend 4y agoNot at all doubtful. Apple isn't in a weak negotiating position here.
- jasonlotito 4y ago45% vs 55% of the remaining 74. A 100% diff. You can argue whether that is fair, but it's a 10% difference. Or 38% and 31% of the total $106. So, when comparing the 70% number, we have to look at the actual comparative percentage, or 38%. So, not 70%, but 38%.