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.
  • NimaEnglish
    42·
    4 小时前

    the app allows for purchases of stuff that’s advertised.

    • Corkyskog@sh.itjust.worksEnglish
      1·
      1 小时前

      They are usually overpriced because someone is getting commission, but it’s a great way to find unique Xmas gift ideas to buy elsewhere.

    • Telorand@reddthat.comEnglish
      21·
      4 小时前

      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
        2·
        4 小时前

        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.

        • Telorand@reddthat.comEnglish
          1·
          3 小时前

          Normally I would, but honestly, I think TikTok is a net negative, so my interest in how they get their profits virtually zero.

      • NimaEnglish
        22·
        4 小时前

        …huh? a what from a what now?

        that’s how advertisements work. but that doesn’t make the consumer the product. the product is still the product.