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Considering the amount of video bandwidth a person watches and the lack of obvious ads, 55% isn't egregious in the big picture of things.

Fair point. I guess Twitch takes 50% from their streamers (and runs ads for the folks who don’t sub). YouTube takes 30%. So TikTok is at the high end, but the number is not as insane as it first appeared to me.

TikTok does the heavy lifting here of getting people to your stream.

45% vs 55% of the remaining 74.

A 100% diff. You can argue whether that is fair, but it's a 10% difference.

Or 38% and 31% of the total $106.

So, when comparing the 70% number, we have to look at the actual comparative percentage, or 38%.

So, not 70%, but 38%.

Not at all doubtful. Apple isn't in a weak negotiating position here.

This pales in comparison to the 100% of nothing they'd receive if they didn't use TikTok.