Tech's newest giant is also an outcast

Posted on AllSides September 1st, 2022
From The Center
Shoshana Gordon/Axios
ANALYSIS

The phenomenal and speedy rise of TikTok has made the short-video-sharing platform the latest and most-likely-to-succeed front-runner in the race to join tech's inner corporate circle.

Why it matters: TikTok's vast pool of users, fine-tuned content algorithm and accelerating cash machine have made it the upstart that most spooks Facebook, which started copycatting TikTok's format in 2020.

Yes, but: Tiktok's arrival as a competitive challenger to tech's incumbent giants comes with a colossal asterisk — it's owned by a private Chinese company, ByteDance.

There was a time when TikTok could look forward to a future...

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https://www.axios.com/2022/09/01/tiktok-outcast-big-tech-competition

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