Regardless of all the advertisements you’re getting for collagen dietary supplements and electrical scrub brushes, TikTok Store US is outwardly not doing so sizzling. Per a report from Bloomberg, TikTok has performed its third spherical of layoffs for this staff since April, however has not disclosed what number of jobs have been impacted.
TikTok Shop US, the corporate’s e-commerce retailer, launched lower than two years in the past, promoting quite a lot of merchandise and providing creators commissions for his or her movies that set off gross sales. Whereas Store stays TikTok’s fastest-growing enterprise, TikTok’s destiny within the U.S. stays unsure.
President Trump has continued to delay the deadline for ByteDance to promote the app to an American entity, following TikTok’s official ban. This weekend, nevertheless, Trump announced that he has a possible purchaser for the app, which is rumored to incorporate some familiar faces in VC.