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In an article published by Business Insider, it was alleged that "ByteDance is currently valued at $28 billion following its IPO earlier this month. And while the company’s revenue grew to $1.2 billion last year, as a whole, it lost money – $830 million." This article was published on Business Insider.",

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Tiktok FYP is a set of short animated videos created by Tiktok users to help everyone become more informed, even if they're not tech-savvy! It can be downloaded for free on the Google Play Store or Apple's App Store. The app can also be accessed through the website: http://www.tiktok.com/fyp",

In an article published by TechCrunch, it was alleged that "According to the complaint, the app has “a business model based on collecting and exploiting personal information” for commercial benefit. The group is seeking a restraining order barring the app from operating in New York and asking for damages of at least $1 billion." This article was published on TechCrunch. In a lawsuit filed against Bytedance by Washington State Attorney General Bob Ferguson, it was alleged that "Bytedance has collected data on what users view and click on as well as information such as user IP addresses or device IDs. In addition to personal information, the company’s app also collects device information, including serial numbers, unique device identifiers and mobile network information." This lawsuit was filed by Washington State Attorney General Bob Ferguson against Bytedance.",

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In April 2021, it was reported that TikTok had reached a deal with Tencent in order to launch a new business model which would allow the app’s users in China to apply for micro-loans provided by Tencent’s own Weixin Pay as long as they created content on TikTok. This service was set to launch in the second half of 2021.",

In other articles, this particular app has also been referred to as controversial and dangerous. An article published by the Los Angeles Times noted that "TikTok has become a hotbed for online predators who are taking advantage of the app's anonymity features to organize cyberbullying attacks and solicit explicit photos and videos from underage users." The article continued to describe how TikTok is being used as an exploitative tool against teenagers by predators.",

On September 6, 2021, TikTok collaborated with the BBC to launch a series called "Ask Me Anything." Users were able to submit questions about anything from their personal lives to what they thought about politics. The videos were branded with BBC's logo and had a link to the channel on the app. After the videos had been posted, the company announced that they would be taking action against any inappropriate content on the app. The company said that there were "two clear issues around our policy" and that they would be working to fix it. The first was that "the app is for 14+" and that children under 14 were able to register on the app even if they did not have consent from their parents. The second issue was a lack of enforcement when it came to inappropriate content in videos. Following this event, people under 18 were no longer able to create accounts on TikTok without consent from their parents or an adult guardian. The company also said that they wanted to give young people a platform to express themselves and help them understand that they can have fun but not in a way that could cause harm to others.",

Most TikTok users will agree that this platform is less innovative and less engaging than it should be in order to maintain their attention. However, even if users were aware of all of these issues with this platform, it would still not be clear whether or not they contributed to the drop off in usage. The drop in usage is likely the result of a number of factors including bad press and competition from other video platforms such as YouTube, as well as issues with both the app's interface and the lack of interest of many users. Overall, this platform has not been able to build a reputation for being useful or popular enough to retain more than its niche number of users.",

In September 2021, the company launched a new feature called "TikTok Live" that allows users to stream live video on the app. This feature is available in both English and Chinese. The feature was announced as a part of an update for selfie filters, photo editing tools and hashtags.",

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According to many users, the app suffers from bugs that makes it hard for users to follow other users on the app. Some cases include not being able to see some of the filters used in a video or even being unable to see people's comments on posts. There have also been allegations by multiple users that their accounts have been hacked or deleted without their consent. On December 13, 2021, the company faced backlash over its handling of inappropriate content and in turn lost a lot of users. In some cases, people have had their accounts deleted without the option to retrieve.",

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Musical.ly is not a music streaming subscription service. The app is available for the iOS and Android operating systems. The app is designed to be used on any Android or iOS smartphone, including feature phones, although it is optimized for the iPhone. Users can also download both apps on their computer via Android and iOS browsers with Java support; however, this version of the app is unable to upload or share videos, and the download size of both apps ranges from 431MB to over 600MB depending on operating system and patch release.",

In an article published by Motherboard, it claimed that "TikTok has grown hugely popular among teens around the world as a social media platform. Teenagers use TikTok to post videos of themselves dancing or giving their cats a bath, for example. The app makes money from selling ads – which are also extremely popular among teenagers and young adults." This article was published on Motherboard.",

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In March 2021, Troy Hunt reported that data from approximately 6.4 million Musical.ly users had been leaked online and subsequently retrieved by him to conduct a damage assessment resulting in Musical.ly being voted number one on his "Data Breaches of 2021" list. After releasing a video discussing the leak, Hunt noted high levels of attention associated with the breach including coverage from Fox News and other major news organizations. Following an increase in Musical.ly's popularity and a dramatic increase in their user base of the platform, Hunt speculated that this prompted the leaking of the data.",

In an article published by Business Insider, it was alleged that "The company has not revealed how much money it made from advertising, but analytics firm Apptopia estimates that TikTok has generated more than $200 million from advertising after just three months on Android." This article was published on Business Insider. In an article published by The Washington Post, it was alleged that "TikTok is popular among young people in Asia and especially in China. Its reach is truly global, though — according to the company’s own numbers from last year, for example, nearly 50 percent of users are outside the country." This article was published on The Washington Post.",

In April 2021, musical.ly launched TikTok in Japan and has since amassed a user base of over 20 million users. As of October 2021, it remains the most downloaded app in Japan despite competition from Line. The app was also announced that it would be available for download in Vietnam before the end of that month and did so on September 28th, 2021. Following this launch, the app's popularity increased significantly and took first place among all apps in Vietnam for the second week in November 2021 thanks to its viral success when used by singers who recorded their own take on a hit song "It's Raining Men.” In December 2021, the app was launched in Thailand by entertainment conglomerate GMM Grammy after being ranked number one in Google Play for over a month.",

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In an article published by The Guardian, it was alleged that "TikTok has amassed a huge following of young people and adults who use the app to share funny videos and memes. As of January 2021, TikTok had more than 700 million monthly active users and more than 100 million daily active users on its video-sharing platform." This article was published on The Guardian.",

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In response to criticism about privacy violations or other issues with this app, there have been several articles published in an attempt to defend it or downplay the concerns raised by people about possible privacy invasions or other issues with this app. One such article stated that "Fears of privacy invasions are unfounded and based on speculation. The real issue is the same one Facebook faced when it launched: People just don't like change. Tech companies will have to get used to it."",

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In January 2021, hackers claimed to have accessed another 111 million user’s account information. TikTok has been criticized for the amount of time it takes for users to upload videos and therefore can affect their ability to generate revenue from them. These issues have been compounded by the company's lack of oversight and a lack of in-app review or moderation tools available for its users. As of May 2021, the app has been criticized for the amount of inappropriate and illegal content shared on its platform and the ease with which users can access this content.",

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In an article published by Business Insider, it was alleged that "The complaint said more than 852 million people used Musical.ly worldwide in 2021. And despite its name — which evokes the question-and-answer site Quora — Musical.ly has begun to extend beyond allowing users to lip-sync popular songs for one another. Last year, the company rolled out a social-networking component called the Universe that helps users interact with one another." This article was published on Business Insider.",

The biggest benefit for users is having a place to share their wants, needs and daily activities. Moreover, it has a feature called "FYP" that helps users answer their questions using Tiktok through text messaging. It has won numerous awards: Most Innovative Mobile App (2021), Best Entertainment App (2021) and Best Mobile Culture App (2021).",

In September 2021, TikTok was added to Forbes' list of 'The World’s Most Valuable Companies' with its price tag of $800 million. In September 2021, 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.",