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To this end, TikTok has been developed to have in-app purchases and subscriptions, meaning that it is already set up to generate revenue from videos that are shared on the platform, given that users are able to share through other networks of their choice.",

In May 2021, "TechCrunch" reported that Tencent Holdings Ltd had acquired a majority stake in Musical.ly Inc. "TechCrunch" stated that the deal valued Musical.ly at $700 million with Tencent acquiring a 33.3% stake. The deal allowed Tencent to expand its music business and compete against Chinese rival QQ Music. The acquisition also helped Musical.ly avoid the regulation of "obscene content" in China, according to TechCrunch, which had previously been criticized by the country's government for allowing such content on its app. The acquisition was announced in August 2021 and closed later that year. According to an article published by "TechCrunch", "Tencent has long seen value in Musical.ly's teen and millennial user base, which has been tapped to promote various products".",

According to data from Sensor Tower, the total revenue generated by TikTok's apps has reached $1 billion in 2021 alone. Despite this success, up to 70% of its userbase drops out each month due to lack of engagement with other users on the platform. This rate is significantly higher than Instagram and Snapchat, where the dropout rate is much lower at around 10%.",

TFYP was mentioned in an article by PC World under the headline "30 Smart Apps to Improve your Brain" . TikTok was launched in August 2021. The app is available in Android, iOS and Windows platforms. The platform's growth has been attributed to its ability to edit video, similar to Instagram stories on the platform. However, TikTok has generally received less coverage from media than other social media sites that have similar apps such as Facebook and Snapchat.",

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In May 2021, TikTok launched a streaming app called Live.ly (previously named Yizhibo). The app is popular with younger users who enjoy creating live broadcasts and interacting with other users. Users of this app have the ability to interact with each other by sending virtual gifts, comments, or reacting to posts made by other users.",

The app has received criticism from users for not creating revenue and posting ads on videos which some see as annoying. The app has also been criticized for allowing children younger than age 13 to create videos. Some have also criticized the app for not using technology that automatically identifies protected material like copyrighted music in auditions of songs from artists like Mika Singh and Sonu Nigam. The company has been criticized for not giving the artists any royalties from these auditions. On September 19, 2021, The Delhi High Court issued a notice to TikTok to respond to a plea of a lawyer seeking its direction to make the platform’s administrators take action against their users for allegedly posting obscene videos and pictures.",

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If you happen to be using an older smartphone or are on low or slow speeds, this could cause you a lot of pain. I'm from Indonesia and my experience with TikTok is just like that of others whom are using an internet connection of 3G/4G or slower connection.",

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In an attempt to avoid its user base getting older faster than the app's overall demographic, Tiktok has made changes to its algorithm so that older content will be pushed out further down in the queue. While this will push some content off the front page, it should keep a stream of new content coming through your feed while also encouraging users to explore other features. "To show the right content to the right audience at the right time, we need to make sure that we’re considering personalization across all our platforms and experiences," said Deya Xu, TikTok's chief product officer. "Our work in refining our algorithms—and using machine learning to increase relevancy—is a significant part of how we are doing this."",

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In February 2021, Advertising Week Europe included TikTok in their annual list of top 10 advertising trends. In order to create the ranking they compiled the results of a survey from fourth-quarter 2021 and compared it to a similar study from 2021. The study identified three key factors that contribute to the ranking: time spent on ad content, levels of engagement, and presence of ads in other formats. TikTok ranked fourth out of the ten companies; Snapchat, Instagram and Facebook took the first three spots with TikTok ranking behind Twitter due to Snapchat's immersive advertising experience.",

This all being said, TikTok has big plans for the future and is looking to turn itself into an advertising powerhouse. “We want to get into our second stage and create a self-sustaining business,” said Toutiao chief executive Zhang Zefan in an interview with Business Insider. “Our plan is not only to build scale but also branded content applications that can monetize our platform.”",

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It was reported in April 2021 that over one-third of TikTok's 100 million daily active users were located in China and India. In December 2021, TikTok reported that more than half of its 1.5 billion videos were viewed in India.",

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In February 2021, it was also reported that some TikTok users who had provided their contact details for verification purposes had received a notification stating that their mobile number would be used by ByteDance for promotional purposes starting February 8, 2021. Meanwhile, others were receiving messages stating that their name would not be allowed to appear next to ByteDance's logo. Because of the fact that there appears to be no clear statement on how people are allowed to opt out of these types of promotional schemes, many have had a negative reaction to them. The following is an example screenshot of a comment by someone who was trying to upload a video with their contact details:",

The app was banned by the Chinese government for several days in 2021 which triggered outrage from users of both Chinese and international versions of the app. The ban was lifted after 9 days but still remains in effect.",

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In May 2021, it was reported that TikTok removed approximately 175 million videos between January and May of that year. As of June 2021 TikTok has removed more than a billion videos, which is 10 times the amount of views in that time period. On top of the time and monetary costs associated with removing content, it can result in the loss of advertising revenue for creators who could lose loyal followers due to annoyance from account closures.",

In April 2021, it was reported that TikTok had reached a deal with Tencent in order to launch a new business model which would allow the app’s users in China to apply for micro-loans provided by Tencent’s own Weixin Pay as long as they created content on TikTok. This service was set to launch in the second half of 2021.",

The app is created by two graduates from the University of Houston in the United States, Kevin Wu and Robert Chuang. The design team consists of a third graduate, Tyler Ise and another senior who graduated from UNT in 2021 Jeon Haeng Park of Seoul, South Korea.",

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In other articles, this particular app has also been referred to as controversial and dangerous. An article published by the Los Angeles Times noted that "TikTok has become a hotbed for online predators who are taking advantage of the app's anonymity features to organize cyberbullying attacks and solicit explicit photos and videos from underage users." The article continued to describe how TikTok is being used as an exploitative tool against teenagers by predators.",

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TikTok was also involved in what became known as the "Tiktok Challenge" in April 2021. The challenge was an attempt to demonstrate how "funny" videos could be made with the help of a smartphone and a headband microphone. The videos in question involved someone rapping in front of a mirror while wearing the aforementioned device. Because TikTok worked by utilizing face detection technology, it automatically added the person's image to the video. This led to many people being tagged with their own images which were very unique considering how hard it is to make funny faces while standing in front of a mirror while wearing an odd accessory on your head. Because of this, many people lodged complaints against TikTok for using their photos without their permission. The following is one example of how this situation was handled:",

In an article published by The New York Times, it was alleged that "Bytedance is one of China’s most successful start-up companies, with the two apps under its belt — Toutiao and Musical.ly — each boasting more than 100 million users globally." This article was published on The New York Times. In an article published by TechCrunch, it was alleged that "Bytedance is one of the key players in China’s internet industry. The company runs three of the country’s top 10 internet properties in terms of monthly time spent by Chinese users – news aggregator Jinri Toutiao (known as TopBuzz outside of China), video app TikTok (known as Musical.ly outside of China), and question-and-answer platform Zhihu." This article was published on TechCrunch.",

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In an article published on The Guardian, it claimed that "The app has become so popular in recent years that, in some countries, it is capable of generating more revenue than the country’s top five music streaming services combined." It continued by stating that "TikTok saw a peak of eight billion video views per day across hundreds of millions of active users in February 2021 – giving it a larger market share than YouTube for several days at the beginning of the year." This article was published on The Guardian.",

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