TikTok (with Douyin) becomes first app to reach $6B in annual consumer spending | TechCrunch
techcrunch.com
TikTok, including its Chinese counterpart Douyin, in 2024 became the first non-game app to reach $6 billion in in-app purchase revenue in a year.
        • Telorand@reddthat.comEnglish
          0·
          2 months ago

          Ah, I see. Doesn’t change my core point.

          Because I’m sure those advertisements weren’t curated by digesting user interaction data and selling it to advertisers. And I’m sure those sales aren’t further used to build profiles to sell to advertisers. /s

          Just because they got a dumb Stanley cup shilled by their favorite influencer doesn’t mean they’re not ultimately the product.

          • Arkouda@lemmy.caEnglish
            02·
            2 months ago

            Users spend real money to buy creators virtual gifts, which can then be cashed out as fiat currency, with TikTok retaining 50% of the payout.

            Should probably read the article before ceding your point.