'What Tiktok does really effectively is reduce the distance and friction between people, other people and information. The short-form video app designed for sharing viral memes is already wildly popular among teenagers, even landing late-night TV host Jimmy Fallon as a fan. If you haven't heard of social media app TikTok, just wait. before landing in hot water regarding data-privacy concerns and predatory practices.
Three-year-old TikTok is owned by China's ByteDance, a start-up with a bigger valuation than Uber and funded by high-profile investors like SoftBank.TikTok has been downloaded over 1 billion times globally, surpassing both Facebook and Instagram in app installs.
TikTok reigns as most-downloaded app, passing Facebook, Instagram 06:50
