Wow, people are paying $6B a year to be the product. Makes sense why the world is how it is right now.
they’re buying the products, actually.
$6B in in-app purchases
What product?
the app allows for purchases of stuff that’s advertised.
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.
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.
