spot_img

ByteDance says TikTok ban in India is causing a daily loss of $500,000

Date:

Trending

India’s ban on popular Chinese video app TikTok is resulting in “financial losses” of up to $500,000 a day for its developer, Beijing Bytedance Technology Co, and has put more than 250 jobs at risk, the company said in a court filing seen by Reuters.

- Advertisement -

TikTok allows users to create and share short videos with special effects and is one of the world’s most popular apps. It has been downloaded by nearly 300 million users so far in India, out of more than 1 billion downloads globally, according to analytics firm Sensor Tower.

Earlier this month, an Indian state court ordered the federal government to prohibit its downloads, saying the app was encouraging pornography.

- Advertisement -

Acting upon instructions from the federal IT ministry, Apple Inc and Alphabet Inc’s Google last week removed TikTok from their India app stores.

The developments have dealt a blow to the India growth plans of Bytedance, which is backed by Japan’s SoftBank Group Corp and by private equity.

- Advertisement -

Bytedance, one of the world’s most valuable startups potentially worth around $75 billion, was considering a public listing in Hong Kong this year, sources told Reuters in August.

The ban has also worried the social media industry in India as it sees legal worries mounting if courts increasingly regulate content on their platforms.

In the filing made to India’s Supreme Court on Saturday, Bytedance urged the court to quash the ban and direct the federal IT ministry to tell companies such as Google and Apple to make the app available again on their platforms.

The court filing is not publicly available and its contents have not been previously reported.

Bytedance pegged financial losses at $500,000 each day, which it said includes destruction in the value of its investments and loss of commercial revenue. It added the ban would result in its reputation and goodwill taking a hit with both advertisers and investors.

“Banning has had adverse impact on the user base of this app, losing close to 1 million new users per day … It is estimated that approximately six million requests for downloads could not be effected since the ban came into effect,” the company said in the filing.

A spokesman for TikTok and the federal IT ministry did not respond to requests for comment.

COURT BATTLE, CONTENT WOES

The Supreme Court has so far not provided any interim relief on repeated pleas by Bytedance and referred the case back to the court in Tamil Nadu, where the case will next be heard on Wednesday.

Memes and music videos thrive on TikTok, although some clips show youngsters, some scantily clad, lip-syncing and dancing to popular tunes.

Its growing popularity has drawn criticism from some Indian politicians and parents who say its content is inappropriate. The Tamil Nadu court, which ruled against TikTok after an individual filed a public interest litigation, has said the app could also expose children to sexual predators.

The Supreme Court filing included a table in which Bytedance compared TikTok to Facebook, Instagram and Twitter by listing 13 of its implemented safety features, including parental controls.

A “very minuscule” proportion of TikTok’s videos were considered inappropriate or obscene, the company has said.

“The constitutionally guaranteed fundamental rights of free speech and expression … of numerous Indian citizens have been severely impacted,” the company said in its latest filing.

THE SNAPSHOTS

Sign up to get quick snaps of everyday happening, directly in your inbox.

We don’t spam! Read our privacy policy for more info.

- Advertisement -
Krishna Mali
Krishna Mali
Founder & Group Editor of TechGraph.

More Latest Stories

More Articles

BTC to USDT: How to Convert Bitcoin to Tether Safely and Accurately

Looking to exchange BTC to USDT? With market volatility continuing to shape the crypto landscape, many investors turn to stablecoins like Tether (USDT) to...

Simple Home Upgrades That Boost Property Value and Curb Appeal

Homeowners often seek affordable ways to increase property value and appeal to buyers. While major renovations can be costly, smaller improvements can enhance curb appeal and return on investment. Upgrades such as garage improvements, exterior painting, or driveway replacements can make a strong impression...

3 Things to Consider When Looking to Buy a Car

Buying a car is a big decision, whether it is your first vehicle or...

Platform-Led Homebuilding: WeHouse CEO Sripad Nandiraj on How On-Demand Construction Is Reshaping India’s Housing Market

Speaking with TechGraph, Sripad Nandiraj, Founder and CEO of WeHouse, discussed how home construction...

Rethinking Repayment: Zavo’s Kundan Shahi on Building a Support System for India’s EMI Borrowers

Speaking with TechGraph, Kundan Shahi, Founder of Zavo, discussed how EMI repayment in India...

FxFinex Trading Platform Review: A VIP Experience for Sophisticated Investors?

As a seasoned investor with an eye for high-quality trading platforms, I decided to...

Techugo Appoints Akshay Gupta as Vice President of IT for Global Markets

In a move to expand into new markets, Techugo, a global mobile application and...

Foreign Secretary Cooper Denies UK’s Role in U.S. Operation Against Venezuela’s Maduro

The British Foreign Secretary, Yvette Cooper, said the UK was not involved in the...

Scaling Industrial Automation: Delta Electronics’ Dr. Sanjeev Srivastava on Making Industry 4.0 Accessible for India’s MSMEs

Speaking with TechGraph, Dr. Sanjeev Srivastava, Head of Industrial Automation at Delta Electronics India, discussed how the country’s push toward a $1.1 trillion manufacturing...

US President Trump Says PM Modi “Knew I Was Not Happy,” Links India’s Russian Oil Import Cuts to Tariff Threats

US President Donald Trump praised Indian Prime Minister Narendra Modi for what he described...

India Extends Textile PLI Application Deadline to March 31

India has extended the deadline for submission of fresh applications under the Production Linked...

Why Global Manufacturing Leaders Are Rethinking the Role of Packaging Automation

In the global manufacturing landscape, packaging has quietly evolved from a backend operational activity...

Why Edge Data Centres are India’s Next Growth Frontier

India's digital economy has entered a stage where promoting growth is no longer sufficient,...

Bulgaria Becomes 21st Member of the Eurozone

Bulgaria became the 21st nation to adopt the euro as its official currency on New Year’s Day, formally joining the eurozone. https://twitter.com/R_JeliazkovPM/status/2001629006479913416 The historic moment was...

India, Pakistan Share Details of Prisoners and Fishermen Held in Custody

India and Pakistan today exchanged the lists of civilian prisoners and fishermen in each other’s custody through diplomatic channels. External Affairs Ministry said in a statement that India has shared lists with details of 391 civil prisoners and 33 fishermen in its custody, who...

India, Pakistan Exchange List of Nuclear Facilities Under Bilateral Agreement

India and Pakistan today exchanged the list of Nuclear Installations and facilities covered under...

Scaling Conversations: Superbot AI’s Sarvagya Mishra on Building Regional Voice AI for India’s Linguistic Markets

Speaking with TechGraph, Sarvagya Mishra, Founder and Director of Superbot, discussed how India’s shift...

How Unified Intelligence Is Transforming the Future of Device Security

Device security has always been a balancing act; protecting sensitive data without slowing the...

Enterprise Blind Spots: 3 Cubed’s Shammik Gupta on Building a Digital Twin for Real Operational Clarity

Speaking with TechGraph, Shammik Gupta, Founder of 3 Cubed, discussed how enterprises invested in...

Why Solar Panels Are a Worthwhile Investment

With the increasing urgency to transition to sustainable energy sources, investing in solar panels...

Tech Driven Urban Growth: How Digital Innovation is Shaping Sustainable Real Estate in India’s Emerging Cities

India stands at an important moment in its urban journey. The country’s largest cities...

Adda247’s Bimaljeet Singh Bhasin on Career247 and the Push for Job-Ready Education

In an interview with TechGraph, Bimaljeet Singh Bhasin, CEO of Skilling and Higher Education...

The Future of Preventive Healthcare in India and the Role of Digital Platforms

India is set to decide on the ongoing healthcare evolution, where the main point...

Skincare for India’s Condition: SkinInspired Founder Piyush Jain on Making Actives Work for Indian Skin

Speaking with TechGraph, Piyush Jain, Founder of SkinInspired, discussed how India’s skincare market has...

Why Global Manufacturing Leaders Are Rethinking the Role of Packaging Automation

In the global manufacturing landscape, packaging has quietly evolved from a backend operational activity...

The Hidden Business Layer Behind IoT Connectivity

When people talk about the Internet of Things, the focus is usually on devices....

When Cybersecurity Tools Break the System: The Hidden Risk Behind Digital Defenses

Cybersecurity solutions are designed to protect businesses from threats, but increasingly, these very tools...

Building a Future-Ready Portfolio in a Digitally Driven Economy

The rapidly changing investment landscape in India has the nation's fast-growing digital economy at...

Why BFSI Needs Generative AI, Not Rule Engines

The Banking, Financial Services, and Insurance (BFSI) sector has been using rule engines for...

Why Edge Data Centres are India’s Next Growth Frontier

India's digital economy has entered a stage where promoting growth is no longer sufficient,...

The Future of Preventive Healthcare in India and the Role of Digital Platforms

India is set to decide on the ongoing healthcare evolution, where the main point...

How Cloud Infrastructure Is Powering India’s SaaS and App Economy

India's Software as a Service (SaaS) and app economy has become one of the...

Skincare for India’s Condition: SkinInspired Founder Piyush Jain on Making Actives Work for Indian Skin

Speaking with TechGraph, Piyush Jain, Founder of SkinInspired, discussed how India’s skincare market has...