TikTok is the most downloaded app of 2020. Quarantines have spurred millions of new users to hop on board and learn about the latest dance trends and memes, but the app also faces a slew of regulatory hurdles, privacy concerns and allegations of censorship tied to its Chinese ownership. Experts say these issues will be the first priority for the company's new CEO, Kevin Mayer.
So far, 2020 has been a year of chaos, uncertainty and grief. A global pandemic, record unemployment and nationwide protests have left people reeling. Through it all though, there's been TikTok, providing moments of levity and new dance crazes, interspersed with more serious commentary on the issues we face.
So far, TikTok is the most downloaded app of the year. Since its global release less than two years ago, TikTok and its Chinese counterpart, Douyin, have amassed 800 million monthly active users, more than Reddit, Snapchat or Twitter. Its parent company, China-based ByteDance, is the most valuable private tech company in the world, with anBut it's not all rosy. TikTok faces a slew of regulatory hurdles, privacy concerns and allegations of censorship, tied to its Chinese ownership. Amid these struggles, it's brought in a new CEO, Kevin Mayer, formerly head of streaming at Disney. Experts say tackling these issues will be Mayer's top priority.
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