It can have different meanings depending on context.
Jag tycker inte om dig - i do not like you. Vad tycker du om språk? - What do you think about languages? Jag tycker inte att han har rätt att säga så där - I don’t think he has the right to say like that.
“Att tycka något” is to have an opinion about something. Therefore we use it both as think and like. When you have an opinion about someone you think something about them. “Jag tycker om honom/jag tycker inte om honom” - ”I like him/i don’t like him” (sort of literal translation = i have an opinion about him/i don’t have an opinion about him) ”Jag tycker att vi borde ta bussen/jag tycker inte att vi borde ta bussen” - ”I think we should take the bus/i don’t think we should take the bus” (sort of literal translation = i have an opinion that we should take the bus/i don’t have an opinion that we should take the bus).
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