TikTok has surpassed Instagram as teenagers' second favorite social media app, according to a report published on Tuesday. \n
Instagram, with only 25% of teens picking it as their favorite social app. TikTok placed no. 3 in the spring 2020 version of the Piper Sandler report.
Usage was a different story, according to the report. In that regard, Instagram remains in first place with 84% engagement, followed by Snapchat at 80% and TikTok at 69%, up from 62% in the spring. The report shows TikTok is continuing to gain market share among young U.S. users, which are a key demographic for social apps. These users are next a key demographic for advertisers, which are the main source of revenue for social apps., a copycat version of TikTok that lets Instagram users make short-video clips of them lip syncing, dancing or doing skits.for a deal that will allow Oracle and Wamart to acquire 20% of TikTok Global, a new company that will handle Americans' TikTok data.
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