TikTok’s 1-Year Turnover Announced: Meta’s Eyes Are Tears

in late 2016 Appearing as the heir apparent of Musical.ly TikTok has managed to become a social platform used by the whole world in a very short time. The platform has been so successful that Even Instagram and YouTube have adapted TikTok’s “short video” system.

In the report published by the Chinese social media giant today, TikTok’s turnover last year was announced. Despite being relatively new compared to its competitors, TikTok has been in a dominant position within social media platforms for years. Looks like he’s going to sweat on Instagram.

Turnover over $1 billion in 2021

The platform, which explains the total turnover in international markets, over $1 billion announced his endorsement. This figure is compared to the company’s total turnover in 2021. 477% more. It was also announced that the company’s total turnover in the UK alone was $279 million.

Although only 4 years have passed since its global market release, world giant platforms such as TikTok, Facebook, Instagram and YouTube have achieved their income in the first 4 years of their debut. much over has won some. The Chinese social media giant is in direct proportion to this growth. has also doubled the number of its employees worldwide.

In the published financial report, the advertising expenses of the company for the last 1 year were also announced. TikTok will be fully deployed to the “Sales and Marketing” department in 2021. He stated that he invested 666 million dollars. It seems that the company has received a great return on this investment.

Especially in the global market, it has managed to attract attention with its successful algorithm and rich content. TikTok’s YouTube and even Google in the near future able to overthrow it was claimed. According to these figures, TikTok may indeed achieve this one day.