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TikTok Doubles Sales To $35 Billion Despite Bans, Layoffs

PYMNTS

Chinese social media app TikTok — the world’s biggest startup — grew operating profit to $7 billion after parent company ByteDance saw revenue at about $35 billion last year, Bloomberg reported. The former President Donald Trump administration last year also moved to ban the app after calling it a security threat.

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Chinese Advertising Generates $27B For TikTok’s ByteDance

PYMNTS

Social commerce topped $89 billion January to September, making social media the new advertising darling and ByteDance a threat to longer-established platforms like Facebook and Instagram. A recent report forecasted that social commerce will reach $604.5 billion by 2027. . percent stake in TikTok’s U.S. operations.

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10 Lessons We Learned at the Nacha Smarter Faster Payment Conference

South State Correspondent

” These pre-crime events including emails, SMS, logins, website clicks, social media, banker conversations, and call center inquiries. The ISO 20022 standard, which will be the global standard for payments, securities, collateral, and trade finance, will increase payment accuracy and delivery while reducing fraud.