TOPLINE
TikTok announced it hit 1 billion monthly active users—years earlier than Facebook and Instagram reached that milestone—making it one of the most-used and one of the fastest-growing social media platforms a year after its fate seemed cloudy because of a ban imposed by the Trump administration.
TikTok said it reached 1 billion monthly active users. (Photo by Chesnot/Getty Images)
GETTY IMAGES
KEY FACTS
Users on the short-form video app, which launched in 2016 in China as Douyin and merged with musical.ly in August of 2018, surged 45% from July 2020, Reuters reported.
TikTok, which is owned by ByteDance, announced the news in a TikTok video featuring the company’s COO Vanessa Pappas, who thanked users for their support.
KEY BACKGROUND
TikTok took only five years to reach the 1 billion user mark, a shorter period of time than many of its competitors. Facebook, which said this year it has 2.8 billion monthly active users, crossed the billion mark in 2012. That’s eight years after it launched in 2004. Instagram, which is now owned by Facebook, currently has over 1 billion users, according to its website. It reached the 1 billion mark in 2018, eight years after launching in 2010. Youtube says it currently has over 2 billion monthly active users, having crossed the 1 billion mark in 2013, eight years after the company launched in 2005. Last year, Instagram launched Reels and Youtube launched Youtube Shorts, short-form video-sharing functions meant to directly compete with TikTok. Twitter, which launched in 2006, has never reached 1 billion monthly active users.
TANGENT
TikTok’s success hasn’t been without difficulty. The company was threatened with a ban from the Trump administration last year, citing security and data concerns, which would have pushed the app into American ownership. Oracle and Walmart were poised to take the reins. President Biden dropped the ban in June.