2 November 2023

Source: TikTok users sent $250M+ worth of digital gifts to US livestreamers in Q3; TikTok takes a 50% cut and is on track to earn $500M in US tips in 2023 (Erin Woo/The Information)

Erin Woo / The Information:
Source: TikTok users sent $250M+ worth of digital gifts to US livestreamers in Q3; TikTok takes a 50% cut and is on track to earn $500M in US tips in 2023  —  A young man with a shaved head and leather jacket bounces up and down in New York's Union Square, chanting “TGIF” as viewers send him a stream of tips costing a few cents each.

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