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TikTok has 700 million monthly active users, up by 800% since 2018

Olumide Adesina by Olumide Adesina
August 25, 2020
in Tech News
TikTok to relocate headquarters to London following approval by UK ministers

TikTok CEO, Kevin Mayer

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TikTok recently revealed the number of its global monthly active user details for the first time in recent legal action against the U.S. authorities over an effective ban that is set to take place in September.

Globally, TikTok has experienced an upside in the number of its users. TikTok disclosed that it had about 55 million global users by Jan. 2018. That number skyrocketed to more than 271 million by Dec. 2018 and 507 million by Dec. 2019. This month, TikTok surpassed 2 billion global downloads and reported nearly 700 million monthly active users in July.

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In its recent filing, TikTok revealed its monthly active users have grown nearly 800% since Jan. 2018 when the application was used by about 11 million Americans. About a year later, that figure had more than doubled to about 27 million.

By June 2020, months into pandemic quarantines, TikTok’s total number of U.S. monthly active users had soared to more than 91 million.

READ: TikTok to relocate headquarters to London following approval by UK ministers

More than 100 million Americans are monthly active users today, the company said earlier this month. The company also revealed it has more than 50 million daily U.S. users.

Backstory:

Recall Nairametrics about a day ago, gave insights on TikTok disclosing that it would take legal action against President Trump’s executive order that bans transactions with the fast-growing video app and its Chinese parent company, ByteDance.

READ: Telcos add 5.64 million voice and data subscribers in Q3 2019 – NBS 

TikTok disclosed that it had tried to engage with the U.S administration for nearly a year, but faced “a lack of due process” and that the U.S authorities paid no attention to the facts.

“To ensure that the rule of law is not discarded and that our company and users are treated fairly, we have no choice but to challenge the executive order through the judicial system,” the company spokesperson said.


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Tags: ByteDancePresident TrumpTechTikTok
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

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