Stat Of The Week: TikTok owner Bytedance generated over $17bn in 2019 – more than YouTube made from ads

Bytedance generated around $47m every day last year. Should Alphabet be worried?
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Coronavirus quarantine appears to be driving a global TikTok download boom

Data from SensorTower, provided to MBW, shows a definite trend in the US and worldwide
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TikTok goes on Washington hiring spree, as US Senator proposes ban on app for Government employees

Multiple job postings spotted by MBW working in policy at Bytedance
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TikTok parent Bytedance launches Spotify rival Resso in India… without Universal’s catalog

It’s the Spotify rival that impressed ex-Spotify CFO Barry McCarthy so much, he admitted it was packed with “really clever social features”. Resso, the music streaming app owned by TikTok parent Bytedance, has today (March 4) publicly launc…

TikTok parent ByteDance is testing a Spotify rival called Resso in Indonesia & India (report)

App has seen 27,000 installs across iOS and Android so far
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