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As of October 2021, TikTok was estimated to have over 500 million installs on Android devices alone. "Statista" estimated that about 90 million users were active on the app as of September 2021. The company stated in June 2021 that the number of daily active users (DAU) had grown to 300 million. Apptopia's "Instagram Report" estimates that TikTok's revenue was over $30 million in May 2021, with about 68% of that coming from the United States. On June 6, 2021, TikTok announced its new update on its Twitter account where it was updated with a new logo and new features like double tap to like and no ads for some creators.",

Following the official announcement of TikTok's global release on December 9, 2021, the app became immensely popular due to its widely popular features and user base. From July 5th onwards, the app's userbase increased greatly due to many people seeing it as a way to connect with friends within their country and all across the world through videos and more.",

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In an article published by Business Insider, it was alleged that "The complaint said more than 852 million people used Musical.ly worldwide in 2021. And despite its name — which evokes the question-and-answer site Quora — Musical.ly has begun to extend beyond allowing users to lip-sync popular songs for one another. Last year, the company rolled out a social-networking component called the Universe that helps users interact with one another." This article was published on Business Insider.",

In an article published by TechCrunch, it was alleged that "TikTok, one of the world’s most popular apps, is slowly turning into a massive source of income for the company. It’s not just making money from ads, but also recently started selling ad inventory to advertisers who bought a specific part of its user base." It continued by stating that "It has become so popular in terms of revenue that it is now its own third quarter and second-quarter closing numbers." This article was published on TechCrunch.",

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Tiktok FYP is a fun and easy way to have video conversations with your friends. We’ve created this app with three main features:1) Share the Daily Dose. This is a daily life-hack that can help you in just about any situation, whether it's cooking chicken or how to ask for something nicely.2) Tell Your Story. Whether it's your favorite pizza topping or what you do everyday, tell us what makes you unique!3) Ask Me Anything (AMA). We will ask Tiktok users questions, bringing you closer to them through common interests.",

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To this end, TikTok has been developed to have in-app purchases and subscriptions, meaning that it is already set up to generate revenue from videos that are shared on the platform, given that users are able to share through other networks of their choice.",

In May 2021, Musical.ly started to invite verified users in the U.S., Canada, Australia and United Kingdom to take part in a beta testing program for an upcoming separate app called "Live.ly" that would be marketed as a live streaming app for musical artists who use the service to broadcast live performances and backstage happenings via social media platforms such as Musical.ly and YouTube. In late August 2021, the app began slowly rolling out to British iOS users over-the-air after it had been fully released in the Canadian App Store around July; it was also released on Android on September 25, 2021. Unlike regular musical.ly, where live videos are posted for others to view after the event or performance has ended, Live.ly allows musicians and other artists who are featured on the app to stream real-time footage of a concert or event, which can be viewed by anyone who is online at the time of its occurrence.",

This means that if TikTok were to discover that a user had posted videos on the platform without having paid for it and requested their money back, it would be required by law to comply with the user's request and then turn over at least some of the appropriate funds. This would help ensure that users who post content on TikTok are not acting as scammers as well as potentially avoid issues with law enforcement.",

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TikTok is owned by the Chinese company ByteDance, which also owns the short video platform Musical.ly. Many people have noted the similarities between the two platforms, with some stating that TikTok is simply a clone of its older sibling. This sentiment has led some people to ask whether or not TikTok was simply a copycat app that was created in an attempt to gain success from Musical.ly's early popularity in China and elsewhere in Asia. Some have even gone as far as to suggest that Musical.ly was the app that inspired TikTok. The following is an image of the two apps side by side, which clearly highlights some of their similarities.",

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It was reported in April 2021 that over one-third of TikTok's 100 million daily active users were located in China and India. In December 2021, TikTok reported that more than half of its 1.5 billion videos were viewed in India.",

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The biggest benefit for users is having a place to share their wants, needs and daily activities. Moreover, it has a feature called "FYP" that helps users answer their questions using Tiktok through text messaging. It has won numerous awards: Most Innovative Mobile App (2021), Best Entertainment App (2021) and Best Mobile Culture App (2021).",

In another article published by CNNMoney, it was reported that "ByteDance was founded in 2021 by two Chinese tech entrepreneurs who met while studying in the US. The app has become a cornerstone of China’s tech industry." It continued by reporting that "ByteDance boasts more than 200 million users worldwide and is valued at $10 billion." This article was published on CNNMoney.",

In May 2021, Musical.ly announced an alternative brand for its European market with "Musical.ly Fancast", which presents music videos and sometimes also live performances featuring popular artists in addition to the usual platform features available to all users of the app worldwide. Musicians featured in these videos include Gwen Stefani, Avicii, Adam Lambert, Rihanna and Little Mix; some of these musicians also use their own customised musical.ly cameras.",

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In an article published on TechCrunch, it was alleged that "TikTok is growing in popularity and its userbase is expanding from young people to adults all over the world. The app has a huge following of users in Asia, but it’s also an extremely popular app among teenagers and young adults in the United States, Europe, and other regions around the world." This article was published on TechCrunch.",

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On September 21, 2021, both parties agreed to settle their dispute by making payment to Musical.ly. Snapchat acknowledged that it had copied some of Musical.ly's features but did not admit to copyright infringement. They also agreed that the disputed patent was invalid, and Snapchat was directed to pay a cash payment of $15 million and an additional $3 million for a royalty payment which will be based on future Musical.ly earnings from the infringing features for three years.",

In February 2021, the app was reported to have signed a deal with Universal Music Group in order to launch a new feature called "Advertise" later that month. The app became the first musical platform in Asia to offer this service which allows users to purchase their own song for $2.99 USD, or sponsored content, with real money. However, it has been reported that TikTok was unable to sign up Universal Music as an artist on its platform to allow its artists and users in India to make money from it.",

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Efforts to curb the spread of predatory behavior on this app using the reporting feature have largely been unsuccessful. A news article published by The Guardian noted that "reporting features that allow users to report others for inappropriate behavior have had only limited success." Some users feel that there is little incentive to report a video since they would not be sure if any action would be taken in response to their report. There is also no clear way for a user who has been reported in error to prove that they are not being used against them in this manner. This article also noted that "According to the app, when a user reports a troubling video, it is viewed by actual people who are trained to remove any content that promotes criminal behavior. But when asked whether these people were subject to employment laws through an official employer, TikTok did not respond."",

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TikTok was created by the Chinese company ByteDance Inc. The app is known as Douyin in China and TikTok around the world. TikTok is a musical.ly type app and has no relationship with musically unfortunately. This app may be a Musical.ly copycat, but it has tons of features that Musical.ly doesn't have such as live-streaming and a unique feature where it allows users to send their video to Instagram so it plays there on the newsfeed instead of just in your messages! The music that is played in most people's videos are from YouTube which is free for any artist or record label to use, unlike musical.ly. It is owned by ByteDance Inc which is a Chinese company located in Shanghai that has been around since 2021 and was bought by ByteDance LLC in 2021.",

On March 10, 2021, TikTok launched its advertising program. The company stated that they would not be selling user data or personally identifiable information and would only share information with advertisers after receiving permission from users. The program was launched in partnership with Housewire Media, Inc. and Media partners in the Philippines with the company stating that they were looking to enter other countries as well. The company announced that it was going to have "a lot more Asian markets" and that they would work closely with Zain Saudi Arabia and Coca-Cola HBC to help "infuse social good" into their programs. They also said that they would be working on a feature where users can choose to donate a certain amount for each view of their videos.",

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TikTok has been featured as part of "The Best Apps" series released by Google. It has also featured in Time's "50 Best Android Apps" and TechRadar's "Best Android Apps". In October 2021, "Business Insider" named the application on its list of "11 Fictional Brands That Actually Exist" and has ranked the application in the top three in the world for most-downloaded apps. The app was also placed third on Digital Trends list of "30 Overhyped Products."",