According to the Financial Times, ByteDance-owned TikTok generated approximately $16 billion in revenue in the US last year, even as the popular video-sharing platform faces the threat of a ban. With ByteDance’s overall revenue reaching $120 billion in 2023, up about 40% from the previous year, TikTok’s explosive growth significantly contributed to this surge, although a substantial portion of ByteDance’s sales still originate from China. TikTok, boasting about 170 million American users, recorded record-breaking sales in the US in 2023, potentially positioning ByteDance to surpass Meta Platforms as the world’s leading social media company by revenue. Meanwhile, the US House of Representatives recently passed a bill mandating ByteDance to divest TikTok’s US assets within six months or face a ban, though ByteDance has yet to respond to a media request for comment.