TikTok becomes first app to reach $10 billion in-app spending in 2023

Bloomberg’s analysis of the mobile app world in 2023 revealed some big changes in revenue. Overall, there was an 11% increase, showing how the app economy is always changing. Video platforms played a major role in this growth, while the gaming sector saw a small decrease of 2% from the previous year.

A notable highlight was TikTok’s achievement, surpassing $10 billion in in-app spending….