TikTok Is Killing Facebook (And That Will Be Worst Than We Think)
In an era of social media, the amount of these platforms available for us at our fingertips is huge. Many applications have features close to each other, so what makes each of them stand out and popular among users is the uniqueness they bring in for the consumers. All people in business and economists know well that the consumer is the King. They ultimately decide which one to use according to convenience and quality of application in the market.
The same happened to Facebook when new competition like TikTok came into the race. Facebook's dominance of social media and video-making was overtaken by the new entrant, TikTok, to such a huge extent that speculation rose about Facebook's downfall and how it would overcome the concern. The popularity and rapid rise in revenue of TikTok astonished the business world. The influence a creativity-inclined application could bring to people was also new to the economic world, as Facebook was a major platform for connecting with people globally.
Tiktok was more about following the content people make globally. Let's see how the launch of TikTok affected Facebook. And how TikTok has changed the social media platform at a global level.
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