TikTok is a well-known video-sharing platform with a net worth of $75 Billion as of 2024. It is a short-form video hosting service launched by the Chinese company ByteDance. In the ticktock, videos can be uploaded for up to 3 seconds to 10 minutes. It has become popular internationally because of its feature to post short videos. It has crossed more than 2 billion mobile downloads worldwide.
This platform is popular internationally and used by billions of people, especially after the pandemic. A company called ByteDance in Beijing first launched Douyin in China, and at that time, ticktock was a separate platform.It is available in the market after its merger with the company called Musical.ly, which has also become popular. Zhang Yiming is the founder of ByteDance. It is launched on the international level as the ticktock.
In 2018, it ranked first among free application downloads in app stores in Thailand. It is the top-rated applicational on the international level and is used by billions of people. It has been downloaded over 130 million times in the United States and reached 2 billion downloads worldwide. It is used by millions of people, including celebrities in the United States, including Jimmy Fallon and Tony Hawk. Ticktock appointed a new CEO, Shou Zi Chew, in 2021. ByteDance acquired the company called musical.ly for an amount of $1 billion in 2017. Also checkFacebook Net Worth,Apple Net Worth.
TikTok Net Worth
TikTok has greatly grown in the last few years as the video-sharing platform has generated millions of dollars of revenue. TikTok has crossed more than 1 billion users in the year 2021. It has earned more than $4 billion in advertising revenue. It generated $80 billion in annual revenue last year, more than in the previous couple of years as the user of Tocktockis increased.
Content in this Article
| Name | TikTok |
| Net Worth 2024 | $75 Billion |
| Headquarters | Beijing, China |
| Year Founded | 2012 |
| Founder | Zhang Yiming |
| CEO | Shouzi Chew |
| Developer(s) | ByteDance |
| Predecessor | musical.ly |
| Available in | 40 languages |
| Website | www.tiktok.com |
TikTok has acquired various other companies from the start, which has helped the company grow internationally. It has assets in the billions and acquired billions of users internationally. The revenue of the company has increased massively for a couple of years. As per the reports, It increased the revenue by 30% compared to last year.
TikTok Inception
TikTok was launched in the year of 2017, which was the international version of Douyin. It was launched for iOS and Android in most markets outside mainland China. It later merged with Musical.ly, a Chinese social media service. TikTok and Douyin have the same interface but a separate user base. There are also some differences in the features.
It was launched in the international market as TikTok in September 2017, and since its launch in the market, it has made massive growth in its career. It was ranked first among free application downloads on app stores in Thailand in 2018. It has also acquired billions of users on the international level and made a highly used video platform.Also checkMicrosoft Net Worth.
TikTok Evolution
The company called ByteDance has decided to go on the international level for this; they have launched the Tick Tock on the international level. In a short period, It has gained millions of users. It also acquired the company called Musical.ly in the year of 2018 for an amount of $1 billion for better growth in the future. In the years of 2019, It has also done a partnership with the U.S. National Football League which was done to launch the official NFL TikTok account. It has done various events to grow to tie tick tock, gaining popularity.
It is reported more than 800 million users will visit every month in 2020. For better growth, the company has appointed a new CEO, Shou Zi Chew, who has also helped the company grow. It has also faced various legal issues and bans of the application in various companies, but still, it is a well-known video-sharing platform on the international level. It has more than a billion people worldwide who are sharing videos continuously. It has also reported growth in revenue over a couple of years.
TikTok: Awards and Achievement
TikTok has gained massive achievements since it launched and acquired the bullion of people. It is ranked as the third-fastest growing brand of 2020 by Morning Consult. It is also ranked as TikTok the most popular website by Cloudflare in 2021. Also, checkGoogle Net Worth.
Frequently Asked Questions
What is the net worth of TikTok?
The total net worth of TikTok is $75 Billion.
Will TikTok come back to India?
Not possible at this time but Skyesports has confirmed that the New short-video app is indeed coming back to India Soon.
Why do people use TikTok?
TikTok App allows users to make short videos, roughly 15 Second to 1 Minute in length, and distribute them within the app's following.
Why TikTok banned?
Governments ban TikTok Due to security concerns and Sharing Data with China Government.
Also check