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HomeNewsNew MediaTikTok ban: Bytedance facing $500,000 daily loss, 250 jobs at risk; SC asks Madras HC to pass interim order by 24 April
Tuesday, 23 April 2019 06:15

TikTok ban: Bytedance facing $500,000 daily loss, 250 jobs at risk; SC asks Madras HC to pass interim order by 24 April

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China’s company and owner of video app TikTok is facing $500,000 a day loss since it was banned in India recently. There are 250 jobs which are now at risk.

TikTok 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. Bytedance, one of the world's most valuable startups, is now worth around $75 billion.

Recently, the Madras HC ordered the federal government to prohibit its download saying the app was encouraging pornography. Acting upon instructions from the federal IT ministry, Apple Inc and Alphabet Inc's Google removed TikTok from their India app stores.

Bytedance, in the filing made to the Supreme Court, 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.

It said: "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."

Meanwhile, the Madras High Court (HC) has been directed by the Supreme Court of India on 22 April, to pass an interim order on the ban of TikTok by 24 April.

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