TikTok claims its contribution to the economy is huge
TikTok drove $14.7 billion in small-business owners’ revenue in 2023 and contributed $24.2 billion to U.S. gross domestic product last year, according to a company-paid report issued Wednesday.The report, by the economics consultancy Oxford Economics, found that TikTok supports a minimum of 224,000 jobs in the United States, with the app’s greatest economic impact seen in California, Texas, Florida, New York and Illinois.Oxford Economics conducted the study to measure TikTok’s economic value by ...
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