Many people use Tiktok, but they don’t know who owns Tiktok; now we will look at this topic. TikTok is a social media platform that lets you create and share short videos with your friends and followers. With more than 20 million active users, it’s quickly gaining traction in the social media world. It’s also the newest contender in an already crowded app market, which begs the question: Who owns TikTok?
Who owns TikTok?
The tech company is called Bytedance, and it owns the app. As Business Insider reports, the company is valued at $75 billion, making it the most valuable company in China.
In September, Bytedance acquired Musical.ly, a social media app popular with young people in the U.S., for about $1 billion. It also owns Douyin, a short video app that offers similar functionality to TikTok.
Sometime in 2019, Bytedance plans to launch TikTok in its global app store. The company said it would eventually make TikTok available in 100 countries and 30 languages in a written statement.
Who created TikTok?
A company called Bytedance, led by CEO Zhang Yiming, was founded back in 2014. He founded the company to connect English-speaking Chinese speakers with news and current events, as well as technology. The company is based in Beijing, China.
How is TikTok different from other apps?
At its core, TikTok is a platform for users to create and share short videos and photos with friends and followers. You can make them in different ways: by recording the video yourself, by making a series of funny, user-generated videos, or by taking a selfie and adding music or effects. There are also several filters you can add to your videos.
Just like Snapchat and Instagram, users can also go live on TikTok.
Why is TikTok popular?
In a recent report, the App Annie World Mobile App Report 2019 announced that TikTok is the most downloaded app in the world this year, while WhatsApp remains the most downloaded app on Android. TikTok also sits within the top 100 apps in the U.S. App Store and top 100 apps in the U.K. app store and is the No. 1 app in both of those markets.
So, what makes TikTok so unique?
Let’s start by discussing the app’s drawing features. Simply put, it gives users the ability to create and upload short videos and share them with followers. Anyone can do this, regardless of their background or talents. In the app, there’s no limit to the length or number of clips, and users can start and stop uploading and viewing videos as quickly as they want, whenever they want.
What Makes TikTok Different from Other Apps?
The short answer: it’s unique. The longer answer? TikTok claims to have a unique system of curation. TikTok’s co-founders, Rus Yusupov and Dylan Zhang built the app to make the platform fun for users. By filtering out irrelevant and harmful content, TikTok gives users the space to share their thoughts and present them positively.
The idea for TikTok came when Yusupov and Zhang were at a club in L.A. called The Abbey. While dancing to music on their phones, they noticed that many people weren’t dancing or engaging with one another. Yusupov said, “We looked around and saw that everyone was holding a camera phone in their hand.
How can I use this app to my advantage?
It’s simple: TikTok is used to post your next video. The video can be no longer than 60 seconds, and the app also gives you the ability to add filters and special effects before and after you post.
So, how do you capture users and keep them on the platform? Users respond to videos with likes and comments. Some users are known to make fun videos, and you can turn these into memes and GIFs.
TikTok also lets users share songs, pictures and even add sounds to their videos. But more than just a social media platform, TikTok also gives you access to a community of influential accounts that you can interact with.
The team behind the app
TikTok is the brainchild of ByteDance, a Beijing-based tech company that also owns a number of popular mobile apps, including Duolingo, Youku Tudou, and the social network Jinri Toutiao, as well as video website 6sixteen.
However, it was ByteDance that purchased TikTok in August 2017 for a whopping $1 billion. The reason for the acquisition was simple: TikTok could be used to drive many audiences to ByteDance’s other apps.
“We believe that apps are the future of the internet, and our mission is to build a great one,” explains Shao. “And we believe that short-form videos are the future of entertainment.”
It’s no secret that ByteDance has been aggressively pursuing short-form video in an attempt to capture the new viral trends.
The Pros and Cons of TikTok
It’s currently unclear if or how Chinese company Bytedance, the maker of the Google-owned Jinri Toutiao news aggregation app, or ByteDance, which has brought you top-rated news app Jinri Toutiao, or the wildly popular AI-powered newsreader app Duolingo, will try to acquire TikTok. But it’s a logical move for Bytedance, the leader in the Chinese A.I. market.
Bytedance is best known as the company that helped build Toutiao into a hit, which, according to App Annie, has gone from No. 1 to No. 3 in market share in China’s iOS and Android app stores. TikTok has yet to reach similar popularity in the West, but its rising star could enable Bytedance to build on its A.I. capabilities with a more successful social app.
Fun and entertaining videos
To use TikTok, you first download the app to your smartphone. You then choose one of the following three subscription plans, each with its options. They are the Free plan, which lets you upload up to one minute of content a day; the Free Plus plan, which allows users to upload up to four videos a day; and the Premium plan, which will enable you to upload videos up to ten minutes in length. When you download the app, you are prompted to choose the appropriate plan.
Advertisement
How are videos created?
After you download the app, you will see three different tabs. The first is the video tab, where you can choose to create a one-minute video or any length of video that you wish. As of this writing, there are 20 different themes you can choose from.
Thanks For Reading our Article. Who Owns Tiktok?
Suppose you have any further questions regarding this article; Who Owns Tiktok? You can leave us a comment.
Our blog itsknows tells you who owns what to help you increase your awareness and general knowledge.