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Time.news – The turnover of TikTok in Europe grew by 545% a 170,8 millions of dollars in 2020, growth mainly due to the increase in advertising on the platform.
The data is what the company has submitted to the UK business register.
Documents presented at Companies House demonstrate how TikTok has invested heavily to scale its business in Europe, seeking to undermine the dominance of Facebook, Instagram, YouTube e Snapchat.
However, the losses: in 2020 it was 664.3 million dollars, in 2019 118.7 million.
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