TikTok is a top-rated video-sharing app which is very famous in the North American and European region. This app enables us to socialize via posting any kind of random videos. This unique idea was brought into life by Bytedance, a company in Beijing. This app provides the features of creating all types of videos, from lip-syncing to dance to talent, followed by comedy sketches or anything via which a person wants to connect. Lip sync videos can be basically 3 to 15 sec of period and others of 3 to 60 seconds.
This app came into existence in 2016 and was launched in China. However, it came into in market as per the name- Douyin. In 2017, it became applicable by Android and iOS in countries apart from China as TikTok. In the year 2018, the app became available in the United States. It happened after they merged with musical.ly. Currently, they are trendy in Asia, the United States, and many other parts of the world. The franchise has provided its interface within 75 languages including, Arabic, Spanish, English, Italian, Japanese and Russian, and so much more.
Well, how well do you know about TikTok? If not much, we have compiled all you need to know about TikTok’s net worth in 2024, wiki and complete details. Well, if you’re all set, here is what we know about TikTok to date.
Inception
TikTok is a famous, incredible, and highly cherished video-sharing social networking application that was launched in September 2016 by ByteDance, which is a popular Chinese franchise. Millions of people use this social media platform for making various kinds of shorts videos from genres like comedy, dance, music, acting, education, and many more.
This social media platform is an international version of the Chinese application Douyin which was launched in 2016 in the Chinese market. TikTok was released in 2017 for users of iOS and Android in need of other nations. However, it only became available around the globe after it collaborated with Musical.ly in August 2018. TikTok and Douyin don’t have access to each other’s content, but they have the same interface for users, and their servers are also based in the market where the app is available.
TikTok is considered the 3rd fastest growing brand as of 2020, after Zoom and Peacock.
Evolution
Douyin is a well-cherished platform that was founded in 2016 by a Chinese franchise ByteDance having its deep roots in Beijing, China. Originally this platform was launched as A.me, but late got rebranded in late 2016 to Douyin. Later the franchise planned to expand this super fantastic app worldwide as only one-fifth of the Internet users were present in China. This application was developed in 200 days, and within just one year, it has 100 million users with almost one billion views on the videos per day.
In the year 2018, the TikTok franchise, ByteDance, collaborated with a social media video platform where users could make short videos of different kinds entitled Musical.ly, which was established in August 2014.
In September 2017, TikTok was released in the international market, and surprisingly, it became the number one downloaded application on app stores in Thailand and several other nations. It was downloaded around 130 million times in the US, and it reached 2 billion downloads around the globe. In the year 2018, many prominent US celebrities like Jimmy Fallon, Tony Hawk, Will Smith, Jennifer Lopez, Justin Bieber, Jessica Alba, and many more downloaded this application.
Later, TikTok and the US National Football League in 2019 announced their multi-year collaboration. This partnership started just two days before the 100th season of the National Football League at the Soldier Field, where in honor of the deal, TikTok hosted several activities for their fans.
This agreement led to the launch of an official NFL TikTok account to bring several incredible marketing opportunities that include sponsored videos and several hashtag challenges. Having less than four years of experience, it has become one of the most popular and trending applications, with almost 800 million active users per month worldwide.
TikTok’s application is available in almost 150 markets and in around 75 languages. In less than four years, the application has created a significant impact in the world. Billions of people use the application to make short videos about their experience, comedy, acing, advice, and many more. The short span journey of this application is appreciable.
Awards & Achievements
For any app, the most significant achievement is its popularity which this application has achieved. In fact, it was launched in 2016, and it attained 104 Million downloads within two years of its growth. The app has its availability in a lot of regions across the world. It can actually be accessed in 75 different languages followed by 105 markets which are considered the biggest of all apps.
Net Worth & Earnings of TikTok in 2024
As of 2024, TikTok has an estimated net worth of $75 billion. This is huge for a newly launched company. The company earns its income by the number of overall views it receives, followed by the millions of downloads. This is actually the most downloaded app in the play store. Hence, as per some random predictions, it can be said that the company will see steady growth in revenue in the future very soon.
TikTok was launched in 2016 by a Chinese company, but now the app is famous worldwide, mainly in the United States and other European countries. This app prevails the feature of creating videos and cultivates it to bloom all kinds of possible flowers. However, it got furnished in India in 2017 and lost millions of users in a span of one week. This application has achieved splendid success overall where it is ranked among the top social networking service in the world.
