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What ban? TikTok rakes it in as profits surge

Source: afr.com afr.com
News Snapshot:

TikTok’s filings reveal the company is unconcerned by the commercial impact of such a move. “The company stresses that there is no evidence to suggest that TikTok is in any way a security risk to Australians,” TikTok Australia says. “The directors would not anticipate a significant impact on our business as a result of the recent ban of the app on government issues devices. The ban does not extend further than government-issued devices and will not impact the millions of Australians on TikTok.” While TikTok Australia revenue from advertising jumped 176 per cent, it paid $71.4 million to a fellow…

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