World News
Triller’s S-1 filing claims 550M users, but its app installs fall far short, new data shows on August 21, 2023 at 8:03 pm

TikTok competitor Triller is preparing to go public, but estimates from Apptopia call its self-reported user numbers into question.
Per Triller’s S-1 filing, the short form video app has had 550 million lifetime signups. But market intelligence firm Apptopia estimates that Triller has been downloaded just 73.2 million times since launch in 2015 — that’s 87% lower than Triller’s own reports. Apptopia’s data is only inclusive of mobile app installs, which would means if Triller’s numbers are correct, the remaining deficit would have to come via web signups.
Apptopia, a popular source for app analytics, says that its estimates are 70 to 90% accurate, on average. The company has hundreds of clients, including Visa, Andreessen Horowitz, Coca-Cola, Target, Zoom and others.
Reached for comment, Triller maintains its numbers are accurate. But this isn’t the first time its own numbers have come into question.
Image Credits: Apptopia
When Triller attempted to go public via SPAC in 2021, Billboard reported that Triller claimed higher user numbers to the public than it did to music rights holders. In a December 2019 press release, Triller said it had 26.5 million monthly active users, though sources told Billboard that its user base was actually half the size; then, when Triller said it had 50 million monthly active users, Billboard’s sources said this number was actually closer to 25 million.
Triller CEO Mike Lu said at the time that “there is no legal definition of MAU/DAU.” (MAU and DAU are standard industry metrics used to measure an app’s monthly or daily active users.)
“Triller’s value is in monetizing users, not MAU or DAU. In the past, the press has had a hard time understanding this,” he told Billboard.
On the Google Play store, Triller’s download numbers also look relatively low. Google Play indicates that Triller has over 10 million downloads. This could mean that the app has been downloaded anywhere between 10 and 50 million times (Google Play has badges for 10+ million downloads and 50+ million, but no designations in between).
Triller has had several more bizarre legal dalliances throughout its existence, beyond just debates over user numbers. In the last few years, Triller faced individual legal actions from Sony Music, Universal Music Group and Timbaland and Swizz Beatz, all of whom accused Triller of owing them millions of dollars in missed payments. In the case of the UMG dispute, Lu described it as “a bad ‘Punk’d’ episode.” The company was also found in a Washington Post report to have missed many payments to creators in a Triller incubator program.
Image Credits: Apptopia
Apptopia’s estimates also found that users spend, on average, about 11 minutes per month per device on Triller. Triller didn’t confirm the figure, but a spokesperson told TechCrunch that it “is not something that has any relevance to our business model.”
Per its S-1, Triller earned $47.7 million in revenue in 2022, but it has lost money each year it’s operated. The company lost $195.6 million last year, and in 2021, it lost $773.6 million.
TikTok competitor Triller is preparing to go public, but estimates from Apptopia call its self-reported user numbers into question. Per Triller’s S-1 filing, the short form video app has had 550 million lifetime signups. But market intelligence firm Apptopia estimates that Triller has been downloaded just 73.2 million times since launch in 2015 — that’s
News
US May Completely Cut Income Tax Due to Tariff Revenue

President Donald Trump says the United States might one day get rid of federal income tax because of money the government collects from tariffs on imported goods. Tariffs are extra taxes the U.S. puts on products that come from other countries.

What Trump Is Saying
Trump has said that tariff money could become so large that it might allow the government to cut income taxes “almost completely.” He has also talked about possibly phasing out income tax over the next few years if tariff money keeps going up.
How Taxes Work Now
Right now, the federal government gets much more money from income taxes than from tariffs. Income taxes bring in trillions of dollars each year, while tariffs bring in only a small part of that total. Because of this gap, experts say tariffs would need to grow by many times to replace income tax money.
Questions From Experts
Many economists and tax experts doubt that tariffs alone could pay for the whole federal budget. They warn that very high tariffs could make many imported goods more expensive for shoppers in the United States. This could hit lower- and middle‑income families hardest, because they spend a big share of their money on everyday items.
What Congress Must Do
The president can change some tariffs, but only Congress can change or end the federal income tax. That means any real plan to remove income tax would need new laws passed by both the House of Representatives and the Senate. So far, there is no detailed law or full budget plan on this idea.

What It Means Right Now
For now, Trump’s comments are a proposal, not a change in the law. People and businesses still have to pay federal income tax under the current rules. The debate over using tariffs instead of income taxes is likely to continue among lawmakers, experts, and voters.
News
Epstein Files to Be Declassified After Trump Order

Former President Donald Trump has signed an executive order directing federal agencies to declassify all government files related to Jeffrey Epstein, the disgraced financier whose death in 2019 continues to fuel controversy and speculation.
The order, signed Wednesday at Trump’s Mar-a-Lago estate, instructs the FBI, Department of Justice, and intelligence agencies to release documents detailing Epstein’s network, finances, and alleged connections to high-profile figures. Trump described the move as “a step toward transparency and public trust,” promising that no names would be shielded from scrutiny.
“This information belongs to the American people,” Trump said in a televised statement. “For too long, powerful interests have tried to bury the truth. That ends now.”
U.S. intelligence officials confirmed that preparations for the release are already underway. According to sources familiar with the process, the first batch of documents is expected to be made public within the next 30 days, with additional releases scheduled over several months.
Reactions poured in across the political spectrum. Supporters praised the decision as a bold act of accountability, while critics alleged it was politically motivated, timed to draw attention during a volatile election season. Civil rights advocates, meanwhile, emphasized caution, warning that some records could expose private victims or ongoing legal matters.
The Epstein case, which implicated figures in politics, business, and entertainment, remains one of the most talked-about scandals of the past decade. Epstein’s connections to influential individuals—including politicians, royals, and executives—have long sparked speculation about the extent of his operations and who may have been involved.

Former federal prosecutor Lauren Fields said the release could mark a turning point in public discourse surrounding government transparency. “Regardless of political stance, this declassification has the potential to reshape how Americans view power and accountability,” Fields noted.
Officials say redactions may still occur to protect sensitive intelligence or personal information, but the intent is a near-complete disclosure. For years, critics of the government’s handling of Epstein’s case have accused agencies of concealing evidence or shielding elites from exposure. Trump’s order promises to change that narrative.
As anticipation builds, journalists, legal analysts, and online commentators are preparing for what could be one of the most consequential information releases in recent history.
Politics
Netanyahu’s UN Speech Triggers Diplomatic Walkouts and Mass Protests

What Happened at the United Nations
On Friday, Israeli Prime Minister Benjamin Netanyahu addressed the United Nations General Assembly in New York City, defending Israel’s ongoing military operations in Gaza. As he spoke, more than 100 delegates from over 50 countries stood up and left the chamber—a rare and significant diplomatic walkout. Outside the UN, thousands of protesters gathered to voice opposition to Netanyahu’s policies and call for accountability, including some who labeled him a war criminal. The protest included activists from Palestinian and Jewish groups, along with international allies.

Why Did Delegates and Protesters Walk Out?
The walkouts and protests were a response to Israel’s continued offensive in Gaza, which has resulted in widespread destruction and a significant humanitarian crisis. Many countries and individuals have accused Israel of excessive use of force, and some international prosecutors have suggested Netanyahu should face investigation by the International Criminal Court for war crimes, including claims that starvation was used as a weapon against civilians. At the same time, a record number of nations—over 150—recently recognized the State of Palestine, leaving the United States as the only permanent UN Security Council member not to join them.
International Reaction and Significance
The diplomatic walkouts and street protests demonstrate increasing global concern over the situation in Gaza and growing support for Palestinian statehood. Several world leaders, including Colombia’s President Gustavo Petro, showed visible solidarity with protesters. Petro called for international intervention and, controversially, for US troops not to follow orders he viewed as supporting ongoing conflict. The US later revoked Petro’s visa over his role in the protests, which he argued was evidence of a declining respect for international law.

Why Is This News Important?
The Gaza conflict is one of the world’s most contentious and closely-watched issues. It has drawn strong feelings and differing opinions from governments, activists, and ordinary people worldwide. The United Nations, as an international organization focused on peace and human rights, is a key arena for these debates. The events surrounding Netanyahu’s speech show that many nations and voices are urging new action—from recognition of Palestinian rights to calls for sanctions against Israel—while discussion and disagreement over the best path forward continue.
This episode at the UN highlights how international diplomacy, public protests, and official policy are all intersecting in real time as the search for solutions to the Israeli-Palestinian conflict remains urgent and unresolved.
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