India's Budget 2025-26 cOVEAGE
Presented by:
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.

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, IN YOUR INBOX

Get quick snaps of everyday happening, directly in your inbox.

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

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.

Support our independent journalism PayPal (Outside India) For PayU (For Indian Readers).

Krishna Mali
Krishna Mali
Founder & Group Editor of TechGraph.

More Latest Stories

More Articles

Budget 2025 Expectations: The Health Sector Seeks More Funds for Cancer Care, Mental Health, and Telemedicine

Ahead of the Union Budget 2025, stakeholders from the health, healthcare, pharmacy, and medical communities are emphasizing the need for targeted investments. Public health...

The Evolution of Gaming: Key Trends Shaping the Industry in 2025

The gaming industry in 2025 is a mosaic of innovation, creativity, and cultural impact. As it continues to expand, gaming is no longer just a form of entertainment but reflects the shift in society, technological advancement, and collective aspirations. Trends shaping the industry this...

Manual Trading vs AI Trading – What Fund Managers Should Know

Trading floors that once thrived on chaos and human interaction have given way to...

Budget 2025 Expectations: Delayed Payments and Skill Gaps Dominate MSME Sector’s Wishlist

As India’s Finance Minister Nirmala Sitharaman prepares to present the Union Budget 2025, expectations...

Finbok Reviews | How Finbok Attracts and Retains New Traders Around the Globe in 2025

In the competitive world of online trading, choosing the right platform is essential for...

Budget 2025 Expectations: GST Overhaul Tops Budget 2025 Wishlist for Business and Global Competitiveness

As India prepares for the Union Budget 2025, business leaders are sharing their hopes...

Union Budget 2025 Expectations: India Inc. Expects Tax Reforms, Startup Incentives, and Support for MSMEs

As the Union Budget 2025 approaches, Business leaders from across industries are urging Finance...

Top Cybersecurity Practices for Small Businesses: Why a VPN is a Must-Have

In today's hyperconnected world, small businesses face a growing number of cybersecurity threats that...

Union Budget 2025 Expectations: Investors and Startups Call for Tax Relief, EV Incentives & Support for Creator Economy

As Finance Minister Nirmala Sitharaman prepares to unveil Budget 2025, there is a strong consensus among investors and the startup community on the need...

Budget 2025 Expectations: Taabi Mobility CEO Pali Tripathi says, Logistics Sector Looks for Tech and Sustainability Focus in India’s Budget 2025

With Union Budget 2025 approaching, the logistics industry highlights the need for government action...

HCLTech Partners with Carrix to Modernize Global Port Operations Using AIoT

HCLTech, a leading global technology company, today announced an agreement with Carrix, the world’s...

What is RTP and How Does It Affect Slots Winnings?

If you’ve ever played a slot game, you’ve likely come across the term "RTP."...

The Sustainable Tech That Will Simplify Life as a Homeowner

Owning a home is the ultimate dream…until it’s 7 a.m., your driveway is buried...

Powering the Future: How Digitisation is Transforming Power Transmission & Distribution

As India, the third-largest producer, and consumer of electricity worldwide with over 442 gigawatts (GW) of installed capacity, invests heavily in ramping up power...

Equal, OneMoney Appoints Former Supreme Court Judge Justice B.N. Srikrishna as Chairman

Equal, one of India’s leading secure data sharing platforms, and its strategic investee OneMoney have appointed Justice B.N. Srikrishna, former Supreme Court Judge as Chairman of their newly formed Advisory Board. This Board will guide both companies in advancing secure, consent-driven data sharing, ensuring compliance...

ECO Hotels & Resorts Ltd Opens 60 Room Property In Bengaluru

ECO Hotels & Resorts Limited, a stock exchange-listed mid-segment hotel chain has today said...

Vehant Technologies Secures $9 Mn from True North via NCD

Vehant Technologies, a provider of AI-driven security and surveillance solutions, has raised $9 million...

Muxcap: Making Bold Moves in Innovation

Muxcap is on a mission to transform the online trading experience by combining cutting-edge...

HR Tech Impact on Employee Learning and Development

In today’s fast-paced world of work, learning and development (L&D) are no longer just...

Vinsys IT Expands In Saudi Arabia, Opens New Office in Dammam

Vinsys IT Services India Ltd. (NSE - SME: VINSYS), a global IT and software...

Proxgy Snaps $3 Mn from Indian Cricketer Ajinkya Rahane and others

Proxgy, a Gurugram-based technology company specializing in virtual assistance and concierge services, has announced...

GAMES: Lucky Green Casino Experience

If you’re in search of an exhilarating gaming platform that balances high-stakes thrills with...

Securing the Future of AI: Nuvepro CEO Giridhar LV on Generative AI & a Human-First Approach

During a conversation with TechGraph, Nuvepro Co-founder and CEO Giridhar LV discussed the company's...

Driving ROI Through AI: CEO Dipal Dutta on RedoQ’s Hybrid Approach to Automation

Speaking to TechGraph, Dipal Dutta, CEO and Founder of RedoQ, explained how the company...

What is RTP and How Does It Affect Slots Winnings?

If you’ve ever played a slot game, you’ve likely come across the term "RTP."...

Botanic Healthcare draws $30 Mn in fresh round funding

Telangana-based nutraceutical company, Botanic Healthcare today announced that it has raised ₹250 crore (approximately...

Delhi High Court Shields Upstox Trademark Rights, Targets Telegram Violators

Delhi High Court has granted an interim injunction in favor of RKSV Securities India...

Strengthening the First Line of Defense with People, Processes, and Technology

Globally and across industries, the risk landscape is growing more volatile and complex, with...

N Space Tech Launches Maiden Payload SwetchaSAT-V0 on ISRO’s POEM-4

N Space Tech, an India-based defense and aerospace startup, has successfully launched its first...

The Sustainable Tech That Will Simplify Life as a Homeowner

Owning a home is the ultimate dream…until it’s 7 a.m., your driveway is buried...

Securing the Future of AI: Nuvepro CEO Giridhar LV on Generative AI & a Human-First Approach

During a conversation with TechGraph, Nuvepro Co-founder and CEO Giridhar LV discussed the company's...

Reshaping India’s Farming Future: Balwaan Krishi’s Rohit Bajaj On Driving Agricultural Change

Speaking to TechGraph, Rohit Bajaj, Co-Founder of Balwaan Krishi, discusses the company’s commitment to...

Driving ROI Through AI: CEO Dipal Dutta on RedoQ’s Hybrid Approach to Automation

Speaking to TechGraph, Dipal Dutta, CEO and Founder of RedoQ, explained how the company...