TikTok Revenue Set To Surpass Twitter, Snap Revenue Combined


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  • Video-sharing app TikTok's advertisement revenue is likely to triple in 2022 to over $11 billion, Reuters reports quoting Insider Intelligence.
  • TikTok's revenue will likely surpass the combined sales of its rivals, Twitter Inc (NYSE:TWTR) and Snap Inc (NYSE:SNAP).
  • Nearly $6 billion, or more than half, of 2021's ad revenue will likely come from the U.S., despite regulatory concerns over user data from the U.S. passing on to China.
  • Also Read: Facebook Continues To Lose Out On User Time; Netherlands Data Center Plans Face Opposition
  • ByteDance Ltd's TikTok is a leading social media app with over 1 billion active users.
  • Twitter will likely generate $5.58 billion and Snapchat $4.86 billion in advertising revenue for 2022, with the combined value lagging the $11 billion projected for TikTok.
  • Price Action: TWTR shares closed higher by 1.67% at $47 on Monday.
  • Photo by livier-bergeron via unsplash

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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