Distributed by curators in Business | Social Media | Politics
TikTok’s Likely Banning and the World War Over Technology
How a ban on TikTok can make Mark Zuckerberg and other billionaires even richer
One of the creators on TikTok, Will Mahony, says, “The concept of TikTok getting banned in the US is a scary thing to me and a lot of other creators I know.” Will has an audience of around 1.4 million on his account. “A lot of people’s careers are relying almost completely on TikTok. Teenagers, in general, would also be devastated, the vast majority of people I know use TikTok for hours a day for memes, drama, and even politics.”
As TikTok creators are panicking, Mark Zuckerberg’s is celebrating crossing $100 billion mark as optimism pushed stocks up after the news that Facebook is going to launch TikTok’s competitor, Reels.
A ban on TikTok is likely because Donald Trump has issued bans on US companies doing business with its parent company, ByteDance. This step is a part of the ongoing world tech war.
Since its launch in September 2016, users have downloaded TikTok more than two billion times. It has surpassed Instagram, and YouTube, in engagement time in the United States.
