TikTok is the new Facebook (and is becoming bigger than that) and as of 2018, TikTok is now available in over 150 markets, and in 75 languages.
TikTok was downloaded more than 104 million times on Apple’s App store during the full first half of 2018.
Beyond the format (15 seconds video), what goes inside the product? Well, a lot of AI, hustle and product thinking.
ByteDance’s vice president says they’re able to process 50 million GB of data every day. And analyzing its 500 million users’ video clips has potential applications for content recommendation, object recognition, and, ultimately, surveillance. The website for ByteDance’s research lab boasts, “This virtuous cycle of AI has allowed us to venture into areas of machine intelligence the world has not seen before.”
Google and Apple have been asked by the government to take down popular Chinese short-video mobile application TikTok from their app stores.
The move, by the Ministry of Electronics and Information Technology (Meity), comes after the Supreme Court on Monday refused to stay an earlier order by the Madras High Court to ban the app.
Shakespeare rightly said that " - Brevity is the soul of the wit !"
TikTok creators realised long ago that Wit cannot be produced in long form, specially in today's world where attention span lasts in seconds. And this forces people to be wildly imaginative and creative to produce content which could capture a viewer's attention and garner appreciation in 15 seconds.
With users it becomes a virtuous (and viral) cycle of rinse and repeat.
You do not only want to do better than "last 15 seconds" but also better than "someone else's 15 seconds" and when you have a billion users trying to get on top, you build a juggernaut, which cannot be stopped.
TikTok has launched it's Safety Center in India. It is a website that consists of safety policies, tools, and resources to equip users with product education and protection measures.
The Safety Centre is available in ten major Indian languages and apart from guidelines, it also links out to two resource pages tackling anti-bullying as well as an advisory for the upcoming General Elections. The ten major local languages - Hindi, Gujarati, Marathi, Bengali, Punjabi, Telugu, Tamil, Kannada, Malayalam and Oriya.
“With the launch of our localised Safety Centre along with our resource pages for Anti-Bullying and the General Elections, we aim to reaffirm our commitment to India and ensure a safe and positive online environment.”
People like to consume 'great' but usually they do not like to 'tip'.
However, TikTok is ushering a change which has all the potential to gravitate to offline world also, as the realms of 'offline' and 'online' have almost blurred now.
"Tipping" content creators with virtual currency is one way audiences show their appreciation for content creators on TikTok.
Tipping helps to support creators and gives them greater incentive to produce high-quality content.
TikTok earned $75 million from sale of virtual currency in 2018. This is in spite of the fact that company neither advertises it's digital coins, nor promotes it's sue in any manner whatsoever.
The number of friends or connections metric is slowly becoming obsolete.
Having a lot of friends on your social network does not mean that, one would engage with them proactively.
The reason is that, we basically know the outcome of those interactions, it is hard-wired mostly.
Whom would like what?
The 'in thing' with TikTok, is 'in the moment' flings with people based on what you are currently doing.
“Imagine a version of Facebook that was able to fill your feed before you’d friended a single person. That’s TikTok.”
With TikTok, everything is extempore, from the creation to watching it's result unfold.
“You’re not actually sure why you’re seeing what you’re seeing,” said Ankur Thakkar, former editorial lead at Vine, the now defunct short-form video platform. “It [TikTok] is doing the thing that Twitter tried to solve, that everyone tried to solve. How do you get people to engage?”
Serendipity is 'in' again.
TikTok has been downloaded close to 260 million times in India and is now it is proving to be a bigger social media challenge for Election Commission of India, than the usual rogues.
The average number of videos being created by Indian users on TikTok is now between 20 to 25 daily.
With TikTok people have started creating an avalanche of political memes and short videos, using it's editing tools and library of prompts.
People lip-sync to Prime Minister Narendra Modi’s speeches, make a meme featuring Congress president Rahul Gandhi’s “Chowkidar Chor Hai” (the watchman is a thief) barb aimed at Modi, or just riff off Delhi chief minister Arvind Kejriwal’s dismissive “Toh kar na” (then, why don’t you do it; a remark aimed at the Opposition in the Delhi assembly).
“TikTok has a lot of young users, including first-time voters who are the ones to be targeted. We do have a lot of our volunteers who use the app."
Moreover, TikTok has also achieved another result: as many big-time influencers on the app have become common icons among teenagers in Hong Kong and the mainland, it has helped reduce the sense of cross-border alienation between the youth, not to mention that it has also increasingly facilitated Putonghua proficiency among Hong Kong students.
The megatrend of TikTok reflects an objective reality: when the demand and push for integration truly begins to gain momentum, no government policy can stop it, and vice versa.
The success of the app is primarily to do with how little text one encounters, and how cheap mobile data has become. TikTok is wildly popular across geographies and generations, with small-town kids – or even entire families – putting together videos for the platform.
Available in Hindi, Marathi, Gujarati, Malayalam and Punjabi, the beauty of the app lies in the fact that anyone with a basic smartphone and an internet connection can make a short music video of their own.
Technology companies make their money from valuations on Wall Street or venture capital or private equity, which are based on market share, and that’s based on their number of users. They don’t actually have to make money off of music to make money. It doesn’t matter if they lose money. As a matter of fact, they all lose money.
TikTok is valued 3X more thatn Spotify, but the artists whose music powers the platform are seeing very little of that money.
TikTok is fully reliant on AI, and that makes all the difference. Rather than asking users to tap into a video thumbnail or click into a channel, the app’s AI algorithms decide which videos to show users.
The full-screen design of TikTok allows every video to unveil both positive and negative signals from users (positive = a like, follow, or watching until the end; negative = swipe away, press down). Even the speed at which users swipe a video away is a relevant signal.
Instagram, on the other hand, uses AI as a tool instead of the actual product.