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 hours ago

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

      • Corkyskog@sh.itjust.worksEnglish
        1·
        1 hour ago

        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 hours 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
          2·
          4 hours 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.

          • Telorand@reddthat.comEnglish
            1·
            3 hours ago

            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 hours ago

          …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.