The company lost 600 thousand dollars a day.
Indian Supreme Court Madras decided to cancel the ban on video service TikTok and allowed the application to return to the AppStore and Google Play stores .. This was reported by Reuters.
As stated by ByteDance, which developed the application, the ban on TikTok led to “financial losses” of up to 600 thousand dollars a day and put at risk more than 250 jobs.
According to analyst firm Sensor Tower, TikTok in India have already downloaded almost 300 million users, and there are more than one billion downloads in the world.