TWO BILLION USERS
In September 2018, TikTok celebrated hitting 500 million monthly users around the world. In less than 18 months, the Chinese-owned social network has quadrupled its user base, at a time when rivals Twitter and Facebook struggle to hold onto audiences and see advertising revenues fall. Though the global pandemic has no doubt increased the app’s short-term popularity, TikTok’s climb to the top has been brewing for a number of years now.
Though TikTok doesn’t bring anything new to the table - rivals Instagram and Snapchat have offered the majority of the app’s features for a number of years - the network’s algorithms are designed for binge-watching. Rather than following your friends and catching up with loved ones, TikTok is all about content consumption and instant gratification, hitting you with the latest viral videos from celebrities and micro-influencers as soon as you open the app. And for those creators, TikTok offers a unique suite of tools designed to make content creation a breeze, whether lip-syncing to a monologue or dancing to the Billboard Hot 100 number one.
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