Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

TikTok hits 150 million U.S. monthly users, up from 100 million in 2020

Published 03/20/2023, 04:25 PM
Updated 03/20/2023, 05:10 PM
© Reuters. FILE PHOTO: The TikTok app's logo seen on a mobile phone screen in this picture illustration taken February 21, 2019. REUTERS/Danish Siddiqui/Illustration

By David Shepardson

WASHINGTON (Reuters) -TikTok said on Monday the short-video sharing app now has 150 million monthly active users in the United States, up from 100 million it said it had in 2020.

The Chinese-owned app confirmed the figure ahead of TikTok CEO Shou Zi Chew's testimony set for Thursday before the House Energy and Commerce Committee.

On Friday, six more U.S. senators backed bipartisan legislation to give President Joe Biden new powers to ban TikTok on national security grounds. Last week, TikTok said the Biden administration demanded that its Chinese owners divest their stake in the app or it could face a U.S. ban.

The app faces growing pressure in Washington including calls to ban the app by many in Congress who fear its U.S. user data could fall into the hands of China's government. TikTok said in September 2021 that globally it had more than 1 billion monthly users.

Senate Intelligence Committee chair Mark Warner, who is cosponsoring legislation to give the administration more powers to ban TikTok, said at a Christian Science Monitor breakfast that he did not think TikTok U.S. data was safe.

"This notional idea that the data can be made safe under (Chinese Communist Party) law, just doesn't, doesn't pass the smell test."

TikTok said it has spent more than $1.5 billion on rigorous data security efforts, rejects spying allegations and said "if protecting national security is the objective, divestment doesn't solve the problem: a change in ownership would not impose any new restrictions on data flows or access."

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The new figures are a sign of the app's wide popularity especially among younger Americans. Commerce Secretary Gina Raimondo told Bloomberg News there could be political ramifications to banning TikTok. "The politician in me thinks you’re gonna literally lose every voter under 35, forever," she said.

Some TikTok content creators will come to Washington this week to make the case why the app should not be banned.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.