TikTok Ban Causing $500,000 Daily Loss, Risks Job: China’s Bytedance

TikTok Ban Causing $500,000 Daily Loss, Risks Job: China’s Bytedance

India’s ban on popular Chinese video app TikTok is resulting in “financial losses” of up to $500,000 (roughly Rs. 3.5 crores) 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…

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