Financial Times, TikTok has revenues of 16 billion in the US - News.com.au. ByteDance, the Chinese company that owns the popular app, is in the running to overtake Meta as the largest social media by revenue.
US Chamber gave the green light to a possible block of TikTok in the event that ByteD Dance does not cede ownership of the app within six months. To buy TikTok, the former US Treasury Secretary, Steve Mnuchin, is working on the creation of an American consortium.