THE DECEMBER 2020 SUBSCRIPTION BUNDLING REPORT, TikTok Triggers Surge In Toy Sales As Kids Play At Home, TikTok Invites Facebook To Challenge TikTok Ban, Agora Services Debuts New Tools For SMB Banking, Messaging Standards Bring Clarity To A Fragmented Payments Ecosystem. Given lawmakers’ loudly articulated regrets at a Capitol Hill hearing two weeks ago that U.S. antitrust regulators let Facebook buy Instagram in 2012, it’s not surprising that the House that Zuck Built isn’t even bothering to attempt a TikTok buy. And TikTok has an easy-to-use self-service advertising platform that makes it a breeze to create an engaging ad campaign. They don't want to just see an overly-treated picture of you at the beach." But now, TikTok has gone from a harmlessly entertaining diversion for millions of homebound consumers to a digital pariah increasingly eyed with suspicion and banned by governments and private companies worldwide as a potential security threat. Meanwhile, other social media companies are aiming to grab TikTok’s audience rather than buy the firm. TikTok user @rockysroad, or Rocky Paterra, was the person to use the term as a way to avoid talking about his profession.In a video posted to his TikTok, he explained that he was a struggling actor but told people that he was an accountant when they asked what he did for work. TikTok is an intriguing video platform. All Rights Reserved. Although they only have three videos, they did a hashtag challenge at Coachella last year called the #HPCoachellaDreamland challenge and enlisted some big TikTok influencers to spread the word via ads. After all, Facebook sees TikTok as the most serious challenger it has faced in social media for some time, so it’s putting lots of effort into Reels. For example, presently, there isn’t an option for creators to make money from rolling ads on their videos. Join 350,000 subscribers and get a daily digest of news, comics, trivia, reviews, and more. WHAT THEY WANT is a popular song by MOST WANTED | Create your own TikTok videos with the WHAT THEY WANT song and explore 1 videos made by new and popular creators. If you’re curious what that’s like, here’s a short clip of people duetting a clip of someone lip-synching to Charlie Pugh’s song, Betty Boop. TikTok: teens love it, and parents don’t understand it. When compared to pretty much any other social network, TikTok’s more optimized to create memes. For what it’s worth, ByteDance rebuked the claims made by Congress. Bart Andrews, VP, Behavioral Health Response Last month, President Donald Trump called for ByteDance, the Chinese company that owns TikTok, to sell the app or … It apparently doesn’t want to buy TikTok — and given lawmakers’ current mood toward the company, it seems unlikely Facebook could get government approval anyway. The Federal Trade Commission is demanding that nine social media and tech companies share details on how they harness users' data and what they do with the information. What Is TikTok, and Why Are Teens Obsessed with It? There's a full TikTok channel dedicated to reposting videos of internet best friends meeting in person for the first time. People can post videos and use an array of soundtracks and Snapchat-style filters, which can morph faces or create other intriguing visual effects. Amazon.com, TikTok … However, it’s also what makes TikTok such an enticing platform—it allows those with even the smallest followings to “go viral” and become online celebrities overnight. Oracle's experience could help to fix some of these problems." "TikTok is struggling to control its content at the moment, and its revered algorithm can work against it sometimes. While livestreams are open to everyone on TikTok, only the biggest names will be solicited for an influencer marketing deal. It’s the result of an amalgamation between two existing apps: musical.ly and douyin. Unlike YouTube, monetization of content is still relatively underdeveloped on TikTok. A person superimposes themselves next to someone else’s video and effectively creates a brand-new piece of content. A major perk is that it's still in its early stages, so building an audience on the platform is easier than on anywhere else online. Here’s how it all happened. “I hope she sees this, but I want flowers too,” one user wrote. These concerns are not unreasonable. If Microsoft can’t make a deal work, Twitter has already had preliminary talks with TikTok about coming in with a rival bid, according to The Wall Street Journal (WSJ). TikTok, popular among teens, lets people add music and effects to short videos. But antitrust regulators would probably die laughing if Facebook so much as proposed such a deal, so the company likely won’t. For example, lawmakers are concerned TikTok might censor videos on topics the Chinese government finds sensitive, like the Hong Kong democracy protests or the plight of the Uighur ethnoreligious minority. Since we launched in 2006, our articles have been read more than 1 billion times. Why are lawmakers desperately scared of it? Will Instagram Reels succeed? There are also duets, which are precisely what they sound like. But integrating TikTok with the Microsoft universe of products and services would be a technical challenge, particularly if it has to build in the privacy protections that regulators worldwide worry the app currently lacks. Moreover, TikTok would give Microsoft a connection point to millions of younger consumers worldwide — the very people most likely to miss building a connection with Microsoft Office products. Beyond that, TikTok has the standard features you’d expect from a social network, including direct messages and the ability to “like” videos. “Reels gives people new ways to express themselves, discover more of what they love on Instagram and help anyone with the ambition of becoming a creator take center stage,” Instagram said in a blog post announcing the service’s launch. TikTok is all about remixes where users shoot a new video to recontextualize audio pulled from someone else’s clip, or riff on an existing meme or … The largest was TikTok user OurFire, who has over 5 … “I think it will end up being net positive on the platform … TikTok’s content consists of 15–60-second videos. The serendipitous nature of fame on TikTok is also attracting people from other platforms. That’s become pressing for Microsoft in the mobile era, where the company totally blew mobile and has persistently been playing catch-up with players like Apple and Google. NEW PYMNTS DATA: THE DECEMBER 2020 SUBSCRIPTION BUNDLING REPORT. People can repurpose audio footage from other videos and create a … For openers, Twitter seems to be a possible alternative TikTok buyer, and speculation is increasingly swirling around other potential dark-horse bidders, Netflix being a particularly favorite. However, Microsoft — which normally focuses on enterprise software — faces a complicated and competitive field if it wants to own TikTok’s U.S. operations. How-To Geek is where you turn when you want experts to explain technology. Of course, we’ve only skimmed the surface of what makes TikTok special. Matthew Hughes is a reporter for The Register, where he covers mobile hardware and other consumer technology. These factors alone explain its rapid growth and enduring popularity among Generation Z. Instead, Facebook has built its own rival — Instagram Reels, a product that works a lot like TikTok. Know What They Want is a popular song by Thomas B Dowd III | Create your own TikTok videos with the Know What They Want song and explore 0 videos made by new and popular creators. Users can record 15-second clips, sync them with music or audio effects and share them with the world at large or just with a curated list of friends. People can follow other accounts and create a feed of new content from the creators they enjoy most. The site is already live in America and parts of Europe, as well as in India (which, as noted above, banned TikTok last month within the country’s borders). And Facebook is clearly going after the TikTok influencer set. This has caused some consternation within the halls of Congress, with many lawmakers dubbing it a “national security threat” and seeking testimony from TikTok’s leadership team. If Disney wants, they could iterate further to turn this into a high-fidelity production, having already learned a … The president and his advisors say TikTok is a national security threat. A great example of this is HP. The above article may contain affiliate links, which help support How-To Geek. Given Microsoft’s rocky history with consumer-facing products — the Groove Music service, the Zune MP3 player and the Windows phone, just to name a few more spectacular misses — the firm’s potential purchase of TikTok has many observers surprised. It punctures the filter bubble. What does that look like? Were tiktok a website, progressive web app, or a server implementation of a standardized or open protocol, then the US Government couldn't practically do anything to block its use. “Flowers, flowers are the equivalent,” another said. The exchange rate varies and is subject to change by TikTok itself. It is, perhaps, the most controversial (and beloved) social network ever. Microsoft would also get an easy entry into the world of mobile-based social media and a captive audience to which to promote products like Surface tablets and Xboxes — and even to build out its own streaming gaming platform. With over 800 million active users worldwide, TikTok has become a force to be reckoned with. Moreover, TikTok would give Microsoft a connection point to millions of younger consumers worldwide — the very people most likely to miss building a connection with Microsoft Office products. We don't yet know if Ivan will take home Tayshia's final rose on The Bachelorette, but we do know a few things about what he's doing after the show.For one: Ivan is officially on TikTok. ‘TikTok Accountant’ is a term that people on TikTok use to refer to people that do sex work. How to Turn Off Read Receipts in Microsoft Teams, How to Set Custom Wallpapers for WhatsApp Chats, How to Turn Off the Burn Bar in Apple Fitness+, How to Create a Family Tree in Microsoft PowerPoint, How to Turn Off Typing Indicators in Signal (or Turn Them On), © 2021 LifeSavvy Media. This mechanism offers an endless thread of new stuff to watch and feeds into the highly addictive nature of TikTok. But maybe the ban is really about Trump's hurt feelings over his ruined rally in Tulsa. While there’s no hard number publicly available for what ByteDance will want for TikTok’s U.S. arm, WSJ said there’s wide agreement that it would be in the tens of billions of dollars. RELATED: What Is a Meme (and How Did They Originate)? However, it did attract fire for removing a U.S. teenager’s popular video about the Uighur situation. What they're blocking is a company trading in the US, and US companies trading with it. This format means that ad spots are at a premium since they aren’t likely to get lost in a sea of competing ads like they can on other platforms. They want to learn something new in a quick and playful way. They want to be entertained." Meanwhile, TikTok has said it will head to court to challenge Trump’s order banning the company from America. The videos all have a very similar feel to them, with someone walking anxiously before meeting eyes with their best friend, running up to … Microsoft + TikTok: A Data Match Made In Heaven. The European Union first sounded the alarm with an investigation in June. When I interviewed rapper Shevin McCullough (who performs as Showtime Shevin), he described the platform as “fertile grounds” compared to YouTube. Here’s a four-minute supercut of people making their own lip-synch videos to a brief snippet from The Living Tombstone’s No Mercy, about the perils of choosing a character in the popular multiplayer FPS, “Overwatch.”. Angela Lang/CNET This story is part of Generation China, CNET's series exploring the … Once received, these gifts are converted into a further virtual currency called Diamonds, which creators can withdraw in real-world cash. Basically, people on TikTok can exchange real-world currency for TikTok coins to top up their virtual “wallet.” They can use these virtual coins to tip creators with virtual gifts. Twitter's market cap is likewise a little over $29 billion versus about $1.6 trillion for Microsoft. To exemplify this point, within five minutes, I switched from watching someone demonstrate a new cosplay outfit to a U.S. airman confidently hanging from the cargo ramp of a C-130 Hercules transport plane. So any TikTok influencer marketing campaign will revolve around influencers making, sharing, and sometimes livestreaming videos that will in some way promote your brand and make it attractive to their followers. The “why” is answerable in a single word: data. When compared to pretty much any other social network, TikTok’s more optimized to create memes. And that’s just winning the race to buy TikTok’s U.S. arm. About: The PYMNTS Subscription Bundling Report, surveyed a census-balanced panel of 2,962 U.S. consumers to gauge how their attitudes toward bundled subscription services have changed during the pandemic, especially those offered by companies in the streaming sector. That depends. If you want to give it a go, find the link here! As it grows, it will no doubt continue to attract the attention of those in the halls of power, as they try to come to terms with the existence of a Chinese social network just as successful as anything from Silicon Valley. As it is, China has its “Great Firewall,” which bans or censors most of the western internet from its users. This mechanism is somewhat convoluted. People can repurpose audio footage from other videos and create a unique take on someone else’s idea. All of that is a long way of saying “keep watching.” The race to determine TikTok’s fate looks like there are plenty of twists and turns still left to “tock” before the clock “ticks” all the way down on Trump’s Sept. 15 deadline for banning the app from America. 1 up-and-coming social media service, or why Microsoft would want it anyway. Perhaps the biggest virtue of the “For You” feed is how it exposes someone to content from creators he or she otherwise wouldn’t typically follow. Downloads of the app are rapidly outstripping those of more established social networks, like Twitter and Facebook. It’s not uncommon for brands—particularly those in the fashion and lifestyle spaces—to collaborate with popular creators and send them swag or cash in exchange for mentions. Trump And The TikTok Deal: ... "The administration is clear that they want to get Chinese tech off of U.S. networks, so I wonder if they'll want to push this further after time," Lewis said. At its core, TikTok is a video sharing application, not dissimilar from Vine, which Twitter discontinued in 2016. The video-sharing app saw its popularity explode during the global pandemic, fed by content-hungry teenagers around the world looking for something to do while locked in their homes. With more than 18,300 subscribers, his TikTok account is a major success in Brazil. After all, the Beijing-based social network not only has access to the information of Americans who use the platform, but it could also censor the content Americans see on the network. One way creators can make money is via livestreams, during which they receive “tips” from viewers who have virtual gifts. Congress fears it. They say all press is good press, but scan any recent article about TikTok and the adage is called into question. How are my funds calculated? Consider Facebook. They want to see the real brand behind an ad, its real intentions, personality, and values. Microsoft is reportedly likely to ask for a one-year grace period to implement the transition even as some executives question whether it could take several years to do so. And Reels doesn’t require adding a new app, as it’s built right into Instagram. He has also written for The Next Web, The Daily Beast, Gizmodo UK, The Daily Dot, and more. What Walmart might want from a TikTok tie-up Video-sharing app has more than 100m active US monthly users who are young, tech savvy and likely to shop online TikTok star Natalia Seth. It's offered in 154 countries, has the highest social media engagement rates per post, and 9/10 TikTokers use the app multiple times a day. What TikTok offers Microsoft is a window into building products for consumer uses and services. The company later claimed this was a “moderation error” and unbanned the teen’s account. Well, if a Microsoft-owned TikTok takes on Facebook in social media, it will learn that Instagram is a formidable competitor with a well-established base of very loyal users. Which way will Reels go? And—perhaps most importantly—why should you care? Instagram Stories, which is now one of the app’s most popular features, is actually an idea “borrowed” from Snapchat. TikTok Is for the Memers. The report also examines how the knowledge that a COVID-19 vaccine will soon be available throughout the U.S. could affect their perceptions. TikTok is owned by a Chinese company called ByteDance. The journey from Emily’s first TikTok ode to Remy to the New Year’s Day livestreamed production with professional actors was a rapid series of iterations. Beyond that, TikTok has the standard features you’d expect from a social network, including direct messages and the ability to “like” videos. And on top of that, the country’s government influenced the NBA’s actions over a single employee’s personal Tweet and pressured U.S. companies like Blizzard to suspend players for opinions they didn’t like. WSJ reported that Instagram is offering popular TikTok creators hundreds of thousands of dollars to jump ship to Reels. They wonder what Microsoft is going to do with the world’s No. Facebook’s new Instagram Reels app — widely seen as a TikTok rip-off — seems designed to do just that. Join 350,000 subscribers and get a daily digest of news, geek trivia, and our feature articles. They don't believe misinformation, they just want more information. But that doesn’t mean the social media giant won’t make a grab for TikTok users while the Chinese company’s ownership is up in the air. What started as a TikTok trend in the middle of the pandemic became a Disney-sanctioned, one-night-only virtual Broadway show helmed by Jeremy O. Harris. TikTok even aired a commercial during the 2020 Super Bowl. But being smaller would also be a disadvantage in the bidding round. WSJ reported that Microsoft has roughly $136 billion in cash on hand versus about $7.8 billion for Twitter. We want as many eligible creators as possible to make money doing what they love on TikTok. Any good news there could mean that ByteDance might lose interest in selling the app’s U.S. arm altogether. While YouTube is far more established, it’s harder for new creators to create a die-hard following on there. Brands want to make money off it. Spring was a time of explosive growth for TikTok, but summer is turning into the Chinese social media giant’s season of discontent. Think about creating beauty, fitness or cooking tutorials, these are the categories most popular on TikTok. Retaining its 100 million American users (out of 800 million worldwide) is another matter. The latest TikTok trend sees people doing a brand new personality quiz called ‘let me psychoanalyze you’ test. There’s also a “For You” feed that shows a random assortment of videos from others. If it comes down to a bidding war, the winner seems pretty well preordained. Twitter might theoretically be able to keep up with Facebook in a social media innovation race, but buying TikTok might simply be out of Twitter’s price range. CEO Mark Zuckerberg and company can certainly afford it, and could probably even go toe-to-toe with Microsoft in a bidding war if they had to. Then, India banned TikTok and dozens of other China-based apps from its smartphone networks, citing concerns about “data sovereignty.” And most recently, U.S. President Donald Trump announced that U.S. citizens and companies can’t do business with ByteDance, TikTok’s China-based parent firm beginning Sept. 15. For example, in 10 minutes, you might see content from those whose political views diverge wildly from your own, or other communities you might not ordinarily engage with, like the military or law enforcement. TikTok automatically restricts features for accounts for children 13-15 (e.g., can't post videos), but after 15, all features are unlocked. It looks like TikTok could be on its way out in America unless it can cut a deal with Microsoft or another U.S. buyer for its American operations, removing Washington’s security concerns. People want that information and they want to understand. It combines all the dopamine-triggering mechanisms that make for an addictive app. Given its status as a top social media platform, Twitter would be a more natural fit for TikTok’s user base — many of which are already Twitter users as well. TikTok is unusual because it’s the only internationally-successful Chinese social network, with an appeal that extends far into the Western world. The TikTok commentariat was happy to provide answers ranging from the sentimental to the hilarious, but most agreed that dudes like flowers too. Like YouTube, TikTok's most significant feature is sharing videos. But Hobbi — Facebook’s answer to Pinterest — never quite took off. With just the touch of a button, users can record a reaction to their TikTok buddies’ videos, positioning themselves where they want … Such a deal would also benefit from the fact that Twitter is smaller than Microsoft, so buying TikTok’s U.S. arm would likely raise fewer antitrust alarms, sources told WSJ. It can produce viral stars out of nowhere and is, in essence, a fame factory. So, what is TikTok, and how does it work? There’s also influencer marketing. Keep this in mind not only for TikTok but for every social media advertising campaign you do regardless of the battleground of your choice. TikTok has perfected the ‘reaction’ genre, making a category which YouTubers started years ago virtually seamless. Let’s look at who could be the winner in buying the company’s U.S. arm — and whether a TikTok 2.0 would perform as well as the current version that millions of American teenagers know and love. In the U.S. Senate, a bipartisan front has arisen against TikTok, with senators Chuck Schumer and Tom Cotton calling for an intelligence probe into the app. This remains the biggest hurdle for TikTok when it comes to attracting big-name talent from other social networks. It’s also uniquely optimized for creating memes from otherwise innocuous content. Of course, we’ve only skimmed the surface of what makes TikTok special. And so I think most of what is happening on TikTok is a genuine curiosity.” “Dr.Noc” shared this sentiment, saying that he believes TikTok has ultimately educated more people than it has misinformed. By submitting your email, you agree to the Terms of Use and Privacy Policy. 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