Facebook CEO Mark Zuckerberg pushed back against claims that his company is too dominant by name dropping a list of his competitors. 'The fastest growing app,' he said in his opening remarks at the hearing, 'is TikTok.'
But one company on his list could truly be viewed as a threat to Facebook and it wasn't named Amazon , Apple or Google ."The fastest growing app," Zuckerberg said in his opening remarks at the hearing,"is TikTok."That may not be true for long.Late Friday night, President Donald Trump said he will ban the popular short-form video app from operating in the United States.
In a short period of time, TikTok amassed some 100 million users in the US, many of them part of a younger demographic coveted by advertisers and tech companies alike. It gave birth to a new crop of social media stars, viral memes and has had an impact on popular culture.In a sign of the competitive threat TikTok posed, both Facebook and Google have attempted to clone features from the app. In June, Google-owned YouTube began testing a 15-second video feature, similar to TikTok.
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