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In September 2016, TikTok was added to Forbes' list of 'The Worlds Most Valuable Companies' with its price tag of 800 million. In September 2018, TikTok was featured by Google on their way to expand their business around the world. The app is among the top 30 most popular apps in the world.",

In November 2018, Musical.ly, Inc. announced that they had applied for an IPO with the SEC and would be listed on the New York Stock Exchange under the ticker symbol "LY". The company stated that they hoped to raise around 100 million from their IPO. Following the announcement of its IPO, Tencent announced that it had sold off its stake in Musical.ly and plans to reinvest 750 million into the company. The company also said that it planned to use some of this money to allow users who didn't want to create a Musical.ly account to share their content on TikTok.",

On January 3, 2018, a video called "Tik Tok Pretending to Be Black" was uploaded by an Australian man. It became popular in Australia and New Zealand. A prank video titled "Lebanon Tik Tok Prank" made the internet angry as it showed how Lebanese people were portrayed with mock stereotypes in a way that looked like it came from TikTok and not from their own country. In March 2018, another similar "Tik Tok Prank" made by a British Pakistani man gained more traction with people on the internet while making fun of the ethnicity of the person in the video.",

Cons: 1. Getting a new account is a bit difficult when you don't have someone's phone number or email address of that person who created an account on TikTok in order to sign in with it. 2. The app does not allow users under thirteen years of age or those above fifty years of age to use it as well which is not very good for many members who can easily create their own accounts and videos using this app without having any restrictions at all. 3. There are some filters and stickers which are not available as of yet on the app. 4. The time limit for viewing content in the stories section is only 48 hours which is very less compared to others social media platforms. You can't view it for more than two days on TikTok itself. This means that you will have to save videos you want to watch later manually if you want to view them later after two days as they will be deleted automatically from the app by then. 5. There is no option of applying more than one sticker or filter in a video at all until now which is not very good by any means if we compare it with other video sharing apps like Instagram or Snapchat etc where this option is available easily. 6. There is no option of creating a group conversation on TikTok which will allow you to invite members from your contact list to join the conversation. You can only create a group with other users and everyone in the group has to add each other in order to be able to access the conversation. 7. You can't find many "goodlooking" videos on this app which are based on some specific topics or topics that you search for like those you can easily find on Instagram and Snapchat etc. 8. Not all of its features are available for using without having any log in or sign up procedures at all especially if we compare it with Snapchat and Instagram where there are almost no restrictions at all regarding this matter. 9. The time limit for viewing videos in the app is also very high which makes it difficult for new users to enjoy some videos they want to view after a certain amount of time only has passed since they have watched it in the stories section of TikTok. 10. The advertising format on TikTok is very different from those of other social media platforms like Instagram and Snapchat etc where there are many more ads on them and you have to pay extra money in order to remove ads from them which can be a little irritating sometimes.",

In an article published by The Wall Street Journal, it was alleged that "In the three months leading up to December 2018, TikTok ranked as the third most downloaded app in North America on both iOS and Android, according to App Annie." This article was published on The Wall Street Journal. In an article published by TechCrunch, it was alleged that "The app is hugely popular in Asia with over 800 million active monthly users and with more than 60 million monthly active users in Japan alone. Yet the firm has done relatively poorly outside of China so far." This article was published on TechCrunch. In an article published by The Washington Post, it was alleged that "Its difficult to measure this growth, however. TikTok, which is owned by Chinese tech giant Bytedance and has an estimated 500 million users, still has a relatively low profile in the United States." This article was published on The Washington Post.",

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