TikTok (with Douyin) becomes first app to reach $6B in annual consumer spending | TechCrunch
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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
    22·
    5 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
      3·
      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
        11·
        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
          1·
          19 minutes ago

          spent time writing quite a few comments for something you don’t have any interest in.

    • 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.