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TikTok hits 1 billion monthly active users globally

© Reuters.

By Echo Wang

NEW YORK (Reuters) – TikTok hit 1 billion monthly active users globally this summer, the company told Reuters, marking a 45% jump since July 2020.

According to the company, TikTok’s biggest market is the United States, Europe and Brazil.

TikTok’s users have increased in number over the years, even though it has been subject to regulatory scrutiny in other countries.

In January 2018, the company claimed that it had 55 million users worldwide. The number of global users grew from 55 million to 271 million in January 2018, 508 million in December 2019, 689 million in July 2021, and more than 271 millions in December 2018.

Facebook (NASDAQ) had reported 2.89 billion monthly active users by June 2021 according to its most recent quarterly report.

TikTok stated previously that it had reached 2 billion downloads worldwide by August 2020.

China’s technology company ByteDance owns the video-sharing platform. TikTok named Shouzi Chew from ByteDance, a Singaporean, the company’s new chief executive officers earlier in the year.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.