Back to Blog
Tick tock stock6/26/2023 ![]() President Donald Trump attempted to ban TikTok. In June 2020, TikTok was banned in India, the world’s second-largest country by population. People in China still have access to Douyin, but they can’t access TikTok content using the Chinese counterpart.Ĭhina is far from the only country that has made moves to keep people away from TikTok. Several countries have banned or attempted to ban TikTok, including China, which doesn’t let people download the app. 3 reasons to avoid investing in TikTokĪlthough TikTok’s growth is reminiscent of Facebook in its early days, it hasn’t been all smooth sailing for the platform and its parent company, ByteDance. Nearly one-third of TikTok’s users are estimated to be under the age of 20, and more than 60% are under 30. TikTok tends to appeal to younger users, which bodes well for the future. Both Facebook - now named Meta - and YouTube are estimated to have more than twice as many active users as TikTok. While TikTok has over one billion monthly active users, it may still have room to grow. According to data from Cloudflare, it has even surpassed Google as the most visited website in the world in 2021. Not only has TikTok grown swiftly, but it has also expanded to over 150 markets around the world. The platform encourages communal participation, which helps it continue to grow in popularity. A report by Forbes asked the opinions of several experts, which boiled down to people’s love of music and how TikTok lends itself well to viral trends. It could be challenging to understand what makes TikTok so successful. That compares to 32% for Instagram, 29% for YouTube, and 28% for LinkedIn. 40% said they intended to use TikTok as part of their social media strategy in 2022. Meltwater, a media monitoring service, released a survey of 3,000 professionals who work in social media and marketing. TikTok may also continue to grow and become more widely adopted in the professional world. After all, TikTok is the fastest-growing social media platform of 2022. TikTok’s staggering user growth rate is one of the biggest reasons it might be a good investment if it eventually goes public. There are several reasons why investing in TikTok might be worth your time and money, including: 1. This syndicate includes major banks such as Morgan Stanley and Goldman Sachs. One of the more prominent investors is SoftBank, but ByteDance also secured financing from a syndicate of 12 other banks. But it was reportedly worth $400 billion as of October 2021, according to anonymous private equity trades that were shared online.īyteDance has had 12 rounds of funding, totaling $9.4 billion. ByteDance has a firm valuationīyteDance, TikTok’s parent company, is a private company and doesn’t have a proven market value. This comes in the wake of the tragic deaths of some of its younger users while attempting TikTok challenges. That initiative includes a page that advises younger users to avoid distressing content or harmful challenges. TikTok also announced a new initiative to protect its younger users in February 2022. TikTok plans to begin implementing the strategy in early 2023. In April 2022, TikTok announced a strategy to locally store its European users’ data. For instance, it has been accused of harvesting user data and storing it in China without user consent. One of the biggest criticisms of TikTok has been how it handles user data. Eight new users join TikTok every second, HootSuite reported in 2022. In addition to its one billion active monthly users, it was the most-downloaded app in 2021, with 656 million downloads. This algorithm has helped TikTok grow at an eye-popping rate. The BBC reported in 2020 that TikTok has an “extraordinarily powerful algorithm, which learns what content users like to see far faster than many other apps.” The way the app is designed could keep users scrolling for extended periods.
0 Comments
Read More
Leave a Reply. |