ByteDance’s TikTok Shop plans to ban links of e-commerce platforms like Amazon, forcing US users to use TikTok Shop. TikTok Shop is expected to lose over $500 million in the US this year, but aims to exceed $10 million in daily spending by the end of 2023. New York City has banned TikTok on city-owned devices, while a federal judge stopped the ban in Montana.
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TikTok may ban links of Amazon, other e-commerce websites in the US
ByteDance’s TikTok Shop plans to ban links of e-commerce platforms like Amazon, forcing US users to use TikTok Shop. TikTok Shop is expected to lose over $500 million in the US this year, but aims to exceed $10 million in daily spending by the end of 2023. New York City has banned TikTok on city-owned devices, while a federal judge stopped the ban in Montana.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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