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From what I understand TikTok is not currently financially sustainable and is supported by money infusions. I can't remember the numbers exactly but they price
by fluidcruft 3y ago
From what I understand TikTok is not currently financially sustainable and is supported by money infusions. I can't remember the numbers exactly but they price user time at something like 20% of what Facebook, YouTube and other financially stable social media do. When TikTok is forced to become economically viable, the cycle will repeat where some new company gets a license to burn cash and undercuts them at the same time TikTok's forced to make the site less pleasing to users. It's pretty easy to view TikTok as an economic weapon aimed at FAANG (similar to steel dumping).
- tacker2000 3y agoI agree, i also think Tiktok is used by China in a way as to vacuum ap any available information and maybe even to weaken the big US social networks. And for doing that they have to massively subsidise it.
- standardUser 3y ago"When TikTok is forced to become economically viable" Tik Tok is China's greatest soft power accomplishment. It's not going anywhere unless the CCP wills it so. Profitability is entirely irrelevant.