Pause operations: company temporarily curtailing operations while keeping return options open

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TikTok is a short video creation and viewing service owned by Beijing-based ByteDance.

Pause operations: company temporarily curtailing operations while keeping return options open

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Revenue(RF), mln.USD
35
Assets(RF), mln.USD
118
Capital(RF), mln.USD
11
Staff(RF), 2021
42

Tiktok is ‘shadow promoting’ banned Russian content to users. Profit of Russian TikTok grew tenfold in a year. In a remarkable move, major digital platforms TikTok and Netflix have suspended their services in Russia, a response to the country’s newly enacted ‘fake news’ law.

The Company Statement
April 27, 2023

Blocked Russian state media channels from the platform, including RT and Sputnik, followed by suspension of operations. TikTok announced massive layoffs in the Russian office but is ‘shadow promoting’ banned Russian content to users and increased number of staff in Russia from 42 to 363 in 2022. Profit of Russian TikTok in 2022 grew tenfold in a year. Google, Meta, Tiktok's debts removed from Russian state bailiffs' database.

April 20, 2024House approves bill to divest TikTok, freeze Russian assets
April 16, 2024Telecom watchdog weighs proposal to block TikTok in Russia
April 08, 2024TikTok in Russia stopped being profitable for the first time
February 09, 2024The EU may fine TikTok if it proves that the platform poses risks to children - media
January 29, 2024Head of the Ministry of Digital Development: the resumption of full-fledged operation of TikTok in the Russian Federation is not yet being discussed
January 06, 2024TikTok and Netflix Suspend Services in Russia Amid ‘Fake News’ Law and Escalating Ukraine Conflict
January 04, 2024Google, Meta, Tiktok's debts removed from Russian state bailiffs' database
January 03, 2024Russian bailiffs remove Google, Meta, and TikTok debts — but X remains
December 18, 2023TikTok Removes Russian Propaganda Networks
April 27, 2023Profit of Russian TikTok, despite restrictions, grew 10 times over the year
February 09, 2023TikTok blocked a network of accounts spreading Russian propaganda
December 16, 2022TikTok carries out massive layoffs in the Russian office
August 11, 2022TikTok is still promoting banned Russian content to users, says report Access to the comments
July 13, 2022TikTok Drops Job Listings in Moscow After Free Beacon Report
April 06, 2022TikTok suspends livestreaming, new uploads in Russia
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