Listen: TikTok: The $75 Billion Video App Taking Teens By Storm
"Business wars daily is brought to you by net. Sweet the business management software that handles every aspect of your business in an easy to use cloud platform net sweet has a special offer for listeners of this show and net sweet dot com slash BWI. Ellie be sure to stick around to hear more about it at the end of the show. From wondering this business wars daily on this Wednesday, January thirty unless you're say thirteen years old you may have never heard of one of the most valuable social media apps in the world, it's called tick tock, and it's video sharing platform that encourages its users to lip sync and dance to popular songs and make short comedy videos. It claims to have more than half a billion users worldwide. And by last fall tick tock was being downloaded more often than any of the big name, social, apps, Facebook, Instagram, Snapchat, and even YouTube like the bygone on video app. Vine which let users make six second videos tick tock gives users fifteen seconds to make videos and allows them to add clips from songs emojis, put on stickers that sort of thing users can also pay videos together for stories that run up to a minute long. And then there are the so-called challenge. His where users create videos based on specific memes. One involving videos of gummy bear singing Adele song. Someone like you went viral another challenge help turn Drake's in my feelings into a global hit like YouTube tick tock is already launched. Some stars. One is said to be making twenty five thousand dollars a month donations from viewers tick tock zone by Chinese digital news company called by dance which spent more than eight hundred million dollars to acquire a similar Chinese video sharing app called musically in two thousand seventeen at the time musically claimed to have more than sixty million active users with the majority in the US by dance merged two apps into tick tock, and it is now said to be valued at seventy five billion dollars this sleeper. Hit has apparently made Facebook nervous enough, but it launched a clone app called Laso. Back in November like tick tock Laso allows its tween users to make fifteen second videos, and it provides a huge catalog of songs to go with them. But according to tech crunch LASSO got only ten thousand downloads in its first twelve days, and it hasn't caught fire cents. So next time. You're waiting in line at the grocery store, and you see a kid lip synching into her cell phone after what she's doing you may be seeing tick tock inaction who knows you might be a tick tock yourself. From wondering this business wars daily careful out there. Hey, we challenge you to make business worse daily. Go viral, it tweet naked tick tock video sheriff's with friend. I'm David Brown back with another rivalry for you tomorrow. Every company battles challenges as they grow updating manual processes, replacing inefficient systems getting a handle on cash flow as you scale, you'll need software that can handle that growth introducing net suite by oracle the business management software that handles every aspect of your business in an easy to use cloud platform with nets wheat, you can save time money and unneeded headaches by managing sales, finance and accounting orders, and HR instantly right from your desk or even your phone right now net suite is offering valuable insights to overcome the obstacles that are holding you back for free. Those insights come and guide called crushing the five barriers to growth, all you have to do to get it for free is to go to net sweet dot com slash BW w daily again. Get nets weeds guide crushing the five barriers to growth when you go to net sweet dot com slash. BW w daily now. One more time net sweet dot com slash b w daily."