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Can TikTok Ever Be “Managed”?
(original post at Searchblog) Today let’s think out loud about TikTok, perhaps the most vexing and fascinating expression of Big Tech power since Google in the early 2000s. I’ve written about TikTok several times, and today’s news, from the Wall Street Journal, raises fresh questions that feel under-appreciated.
First, the background. As most of you likely know, TikTok is owned by a large Chinese company called ByteDance. In less than five years, TikTok has hijacked the very heart of Big Tech’s consumer business in the United States — our attention. Nearly 100 million US consumers will spend an average of more than 90 mins a day watching TikTok this year. That’s time that Google, Facebook, Instagram, Twitter, and every other consumer tech and media company can’t get back. Here’s Scott Galloway’s visualization of the trend, from a piece last Fall:
Of course, time is money when your money comes from advertising. TikTok is hands down the most significant threat to the US digital media business that’s ever emerged — and it came not from a garage in Palo Alto, but from a massive Chinese company under the direct control of the Chinese government.