No, TikTok isn't broke. Ariana Grande, Post Malone and Taylor Swift are gone
Briefly

Today, however, we saw a significant blow to TikTok. And one that music industry people have undoubtedly seen coming. Universal Music Group announced via an open letter that it removed all its artists from the platform.
Like YouTube before, TikTok has made the careers of many signed music artists today, such as Aitch, Doja Cat, and Lil Nas X. The virality of their platform meant overnight fame.
Read at The Drum
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