Global clampdown threatens TikTok’s future advertising profits

The news: TikTok is facing unprecedented global regulatory challenges, notably in Canada, Australia, and the United States.

The Canadian government ordered ByteDance to shut down its Canadian subsidiary, citing national security concerns. However, the TikTok app—which has 10 million users in Canada, per our forecast—is still accessible in Canada.  

The Australian government introduced legislation that requires social media platforms like Facebook, Instagram, and TikTok to prevent children younger than 16 from using their services.