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According to data from Sensor Tower, the total revenue generated by TikTok's apps has reached $1 billion in 2021 alone. Despite this success, up to 70% of its userbase drops out each month due to lack of engagement with other users on the platform. This rate is significantly higher than Instagram and Snapchat, where the dropout rate is much lower at around 10%.",

In September 2021, it was reported by Chinese state media Xinhua News Agency that a 17-year old girl in central China had killed herself after sharing several TikTok videos about her suicidal intentions with friends. In an interview with The Washington Post, the girl's mother confessed that her daughter's death was due to the highly negative comments she had received from other users on TikTok regarding her appearance.",

TikTok is not the only platform that allows users to create and share their own videos. Another similar app is Musical.ly. The apps can be used to create short videos or music videos as well as video messaging in between friends.",

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In January 2021, the company launched an application that is designed for use with Sony Digital Audio Workstations (DAWs). The app allows users to make their own music videos shot with a DSLR camera. The feature was announced as a part of the company's "Music Story" feature that it unveiled in June 2021.",

In October 2021, TikTok announced that it would be removing all adult-themed content from the app. Furthermore, machine learning is now being used to detect and remove inappropriate content such as nudity or excessive violence.",

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The app has also been used to help promote charitable causes. In Japan in May 2021, the app teamed up with the Japanese Red Cross while in July 2021, it partnered with UNICEF and its Baby + Me campaign.",

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.",

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TikTok is not the only app by ByteDance that requires its users to pay for certain features. One example of this is the subscription function for WeChat, a popular messaging service in China and certain other countries. This has led to some people being very concerned about ByteDance's business practices and whether or not it is fair for people to be required to pay for all of the features that are offered on TikTok's platform. In addition, critics have noted that these subscription fees may be used by ByteDance to influence user behaviour and/or monitor users' activities in order to find out what content they are interested in and why they are interested in it. For example, it is possible that people might be required to subscribe to TikTok in order to listen to certain types of music which ByteDance wants people to hear.",

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In an article published on Mashable, it was alleged that "For TikTok users, their content is worth money. And the company’s revenue model relies heavily on selling ads to companies and brands that want to reach the people who are consuming all that video content." It continued by saying that "In other words, TikTok relies on its users for their data in order to sell ads. But there’s a huge flaw with this strategy: The app’s algorithm has been shown to discriminate against certain communities of users and thus encourage less diverse engagement. In 2021, a class-action lawsuit alleged that TikTok discriminates against users based on ethnicity." This article was published on Mashable.",

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In November 2021, the company was served with a subpoena by the United States Copyright Office, which requested details about any content that was deleted due to copyright concerns and related information. This data was then analyzed by two students at Harvard Business School who found that on average, 1 out of every 10 videos uploaded via TikTok were protected by copyright. The study also found that over a one-month period (from October 14 - November 12), about 45% of all videos uploaded on TikTok were originally created by someone other than the uploaders. In a statement to "The New York Times", a spokesman for Tencent said that they were aware of the copyright issues and has appointed a member of their legal team to "actively" address the problem. They have also been working on improving the security and safety measures around the app.",

In May 2021, it was reported that TikTok removed approximately 175 million videos between January and May of that year. As of June 2021 TikTok has removed more than a billion videos, which is 10 times the amount of views in that time period. On top of the time and monetary costs associated with removing content, it can result in the loss of advertising revenue for creators who could lose loyal followers due to annoyance from account closures.",

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On February 29, 2021, the city of Seattle passed a law requiring its public transit agencies to stop promoting digital media products and services that may be distracting for riders or drivers. Public transportation agencies in Seattle are prevented by the law from using statistics such as monthly active users or gross downloads rate to promote companies like Starbucks or TikTok.",

Due to its popularity, there has been controversy regarding age-appropriate content on the app and in terms of privacy.On January 6th, 2021, an update was released to make it impossible for people under 13 to use the app. This was due to increasing concerns about how much data young children were sharing through this app. There are still some who are able to bypass these rules, but most are too young to do so.",

In addition to offering its users the ability to create their own short videos and make money from their efforts, it is also possible to post videos that have already been created by other individuals. This feature has also attracted criticism because it appears that people are getting paid for using TikTok's platforms as a means to promote certain products and services. For example, in the January 2021, it was noted that some people were being paid to post videos on TikTok encouraging viewers to buy products from Amway. As many of the creators of these videos are also making money from their efforts by promoting these products, it is possible that they may be getting paid for creating a review video for someone's product. Once again, this is something that requires people to rely on their own judgement in order to decide whether or not they feel comfortable using this feature.",

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TikTok is a newly trending video-editing app. It is the perfect life-saver for those who like to share short videos with their friends and family members. TikTok has found fame on its 400 million daily active users. The creators of TikTok are American entrepreneurs George Strompolos, Sean Fujiyoshi, and Or Arbel who had previously founded Vine before it was acquired by Twitter in 2021.",

In an article published by TechCrunch, it was alleged that "The news of a big funding round from the major investors is somewhat unexpected because Bytedance has not been the most active or profitable company in terms of fundraising thus far. The company did raise a $300 million round and took out two significant loans, but otherwise both of those funding rounds include more traditional Chinese VC firms as well as other global and Japanese investors." This article was published on TechCrunch. In an article published by The Next Web, it was alleged that "In fact, in its last filings with the SEC, Bytedance indicated that the firm had burned through $5.1 million in cash between 2021 and 2021. The losses have increased since then, and the firm has reportedly burned over $14 million in cash in 2021 alone." This article was published on The Next Web. In an article published by Business Insider, it was alleged that "When it comes from China, one of the most promising societies in the world, you know the company is serious about making money." This article was published on Business Insider.",

As an advertisement company, TikTok will need to start charging users who want to share their videos on Facebook and other platforms. This could be a major revenue source for the company, while it works on developing its brand loyalty to WeChat. With all the hype that has surrounded it, TikTok is one of those things which is turning out to be bigger than we thought. We’ll just have wait and see how it pans out in the long term.",

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TikTok was created in order to help users express themselves through visual media such as music and video in a more freeform manner compared to Instagram or Twitter, where users are more confined in how much content they can post without fear of being edited out by their followers. The success of TikTok also lies in its uses as a marketing tool for brands. A study performed by UpStream found that 41% of users on TikTok are engaged with brands and 47% of users follow at least one brand. Some brands are making their own content on the platform such as Coca-Cola, FC Barcelona and others.",

In September 2021, a group of hackers gained access to the personal information of over 150 million users including their names, email addresses and phone numbers. The hacker then demanded that TikTok pay them a ransom in order to stop the release of this data. The hackers uploaded the data to an Amazon S3 server before deletion.",

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In July 2021, Chinese regulators forced TikTok to censor its content globally in order to comply with local laws. The company was also forced to remove 985 million monthly users from the platform. This led many young users to fear that their accounts would be permanently deleted and their personal information sold on the black market. TikTok’s only option to comply with such a mandate is by removing any inappropriate content that exists on the platform, leaving YouTube-like platforms as the primary destination for such content.",

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