

6, 2023, Texas Governor Greg Abbott released details of a statewide Model Security Plan for Prohibited Technologies applicable to all state agencies.

Texas Bans TikTok for Employees and Contractors Senator Bennett argued that there's too much risk of China weaponizing the data and platform to influence its users. Its parent company ByteDance has had problems with aggressive data collection methods. Chinese law dictates that companies must support and cooperate with state intelligence work. He noted that the average TikTok user spends 80 minutes daily on the app. (NASDAQ: GOOGL)CEO Sundar Pichai pleading to remove the TikTok app from their respective app stores. (NASDAQ: AAPL) CEO Tim Cook and Alphabet Inc. A Plea for Apple iOS and Google Play Bansĭemocratic Colorado Senator Michael Bennett (D) sent a letter to Tim Apple Inc.

TikTok is the third most used social media app in the U.S. TikTok has 61% of the 12 to 34-year age group in the U.S. The average user opens the Snapchat app 30 times per day. 65% of the 18 to 29-year-old demographic uses Snapchat. India has the highest concentration of Snapchat users, around 144.35 million, followed by the U.S., with 108 million. Ages 26 through 35 represent 30% of its users. Its highest demographic users are between the ages of 15 to 25 and comprise 48% of its users. Snapchat's primary audience is comprised of Gen-Z and Millennials. However, they did mention an internal forecast of revenues falling from (2%) to (10%) YoY. The company opted not to give forecast expectations for Q1 2023 due to market uncertainty. It overlaps 3D animations onto the user's camera view utilizing Snapchats AR technology. AR Ads involve augmented reality, where users can interact with virtual objects in real-world contexts and backgrounds. Snap Ads are video ads up to 10 seconds long that can be targeted to particular audiences based on variables like demographics, location, interest, and behaviors.

Most revenues come from advertising products Snap Ads and AR Ads. Full-year 2022 revenues rose 12% YoY to $4.6 billion.
