TikTok crosses 1 billion monthly active users globally

In 2016, ByteDance, a Chinese technology company, released a short format video app named TikTok, which later merged with musical.ly in August 2018. The app has now crossed the one billion active monthly users according to the official announcement and has grown 45% since July 2020. Last year, ban TikTok amid US-China tensions. After rejecting Microsoft's proposal, the app then reached a deal with Oracle , which included moving users' data for the US region to Oracle while keeping the rights to the original company, ByteDance. The app has also faced bans in several countries for objectionable content around the…