TikTok made big profit in 2020, despite bans

16:35 - 27.01.2021


January 27, Fineko/abc.az. Despite the attempt of former US President Donald Trump to ban TikTok, the company's revenues for 2020 did not decrease, but, on the contrary, doubled.

ABC.AZ reports that last year the company increased its income up to $35 bn.

Tik Tok is now a little closer to bringing some of its social media empire to the stock exchange under the leadership of Joe Biden.

The company, worth at least $180 bn, plans to sell some of its shares on the Hong Kong Stock Exchange.

By Elmir Murad

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