Hi HODLers,
TikTok is solidly leading the Social Media Space in the US and it helps us understand how important this app is for the administration and its competitors.
Currently, TikTok has as much monthly users than Snapchat and Pinterest combined. Impressive!
TikTok's Daily Active Users (DAUs) have been growing fast and are now at 102mn. Up almost 19% year on year
TikiTok is a Gold Mine! Everyone wants a piece of it!
We understand that a lot of companies including Oracle, Rupert Murdoch's Media empire, etc... have been whispered to be part of the American consortium whcih could own the future TikTok US entity.
The US government and in particular the current administration will most likely handpick which companies will have the privilege to own a piece of TIkTok US. It does not sound like fair capitalism to me but what do I know!
This new entity will be the main competitor to $META Social Media Empire.
Time will tell!
Stay safe out there,