Is TikTok a threat to Facebook social media dominance

Facebook is finding it harder to emulate TikTok than it did with Snapchat TikTok is beating out both Instagram and Facebook – it’s the only app that was downloaded more than (and only second to) Facebook-owned WhatsApp Experts and figures underscore just how big of a threat TikTok is to Facebook’s dominance  Silicon Valley has been concerned about the enormous growth recorded by social media upstart TikTok. The Chinese social network has taken the world by storm with over a billion users to date, making more money than any other social media platform, even Facebook. Today, TikTok’s parent company ByteDance has become the most valuable startup in the world on the success of the video app and its domestic clone, Douyin. Both TikTok and Douyin have amassed over 2 billion downloads and penetrated one-third of all social media users on this planet in less than four short years. For the former, a staggering 500 million of those users had signed up last year alone, and that’s half of all Instagram users. Although TikTok is particularly popular among teenagers, known as Generation Z, with nearly 60% of all TikTok users are of that age group, the video-sharing app already beats Facebook’s…
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