General info about : TikTok , SnapChat
The Tik Tok application is the product of long work and many experiences in the field of social media, which owned by
China's Bytedance Corporation, founded by Zhang Yiming.
Then Zhang Yiming and the rest of the company's developers did several experiments, until they launched the Tik Tok application in 2016 to share videos and break into the world of social media.
Some Stats :
- Bytedance is the largest private company by market capitalization in the entire world and is currently valued at $75 billion.
- Zhang Yiming has become the 12th richest person in China with an estimated fortune of $12 billion.
- The number of registered users of TikTok reaches 1.5 billion users, while the active users on the application reached 500 million users in the end of 2019.
- The Tik Tok application has become the most downloaded application on Android and IOS systems in many countries of the world, including the United States of America, surpassing giant applications such as YouTube and Facebook.
- Approximately 41% of TikTok users are between 16 and 24 years old.
- TikTok users spend approximately 52 minutes a day on the app.
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As for Snapchat:
The Snapchat application appeared on September 26, 2011 and relied mainly on picture messages, and at the end of 2012 it became available on Android in 19 international languages, and it was invented by Evan Spiegel and Robert Murphy.
In 2014, Snapchat launched the feature of filters and effects according to geographical location, that is, you can apply specific filters to photos only if you are in specific geographical places such as Starbucks cafe in certain cities.
The companies that tried to acquire the Snapchat application :
Despite the offers that came to snapchat for its acquisition by large companies, Spiegel refused, in the belief that this application will increase in value in the future, and this is due to its increasing growth.
These companies are :
- In 2013, Google offered to acquire an application for 4 million US dollars.
- At the same time, Facebook made a second bid to acquire the application, with a value of 3 million US dollars.
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