TikTok is a top-rated video-sharing social media network owned by ByteDance, a Beijing-based company founded by Zhang Yiming. Whether you like TikTok or not, you have to admit that it is a worldwide appreciated app, loved by billions of people.
The application allows users to make short music and lip-sync videos in a very creative way. The short videos can be about 3 to 15 seconds, while the short looping videos could be about 3 to 60 seconds.
The TikTok app was released outside China back in 2017, and that was all it took for the app to be recognized globally, its popularity increasing rapidly in the past couple of years. Only last year, the famous video-sharing app had 798 million downloads from the mind-blowing 1.65 billion downloads in total.
TikTok Becomes The Second Most Downloaded App
ByteDance managed to get $176 million from the TikTok app in 2019 and keep in mind that it is still trying out different strategies to monetize itself. It might seem like a lot of money, but you would be surprised to know that this amount is 71% of its lifetime income of $246 million.
Based on its popularity and the significant income the app is making, the future looks very bright for TikTok and ByteDance. According to the data for the most downloaded app in the world revealed this year, TikTok has beat Facebook taking the second place in the rank. Although WhatsApp is still on leading in the first place of the most downloaded app, we kind of see TikTok taking over one day as its gaining on more and more ground.
TikTok might manage to surpass WhatsApp in the future, but now it is just enjoying its fame for the second place. As for us, the users, we can enjoy either of these top-rated apps whenever we please, regardless of the rank they have.