TikTok Owner ByteDance loses Rs.4.5 crore per day since its ban

10:30:00 AM, Tuesday 23rd of April 2019 | in business

The interim ban on TikTok, the Chinese social media app costs its owner ByteDance Rs. 4.5 crore every day says senior advocate Abhishek Manu on behalf of Byte Dance. Not only money, but safety features of over 2 million subscribers were also at risk. TikTok can raise grievances before the HC & has to decide plea for interim relief of vacating ban order on April 24 & if it doesn't decide plea, ban order would stand vacated.