Another Short Video App Shuts Down.
Tiki, an app with over 100 Million downloads is shutting down as it is unable to sustain itself financially.
It was ranked among the top 30 grossing apps on the Google Play Store and stood as high as eighth among the top free social apps in India.
This points to the fact that although tens of Indian social media apps have millions of users, it's very difficult to make money.
Market leaders in this segment like Sharechat and Dailyhunt are making thousands of crores of losses every year.
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3 окт 2024