Companies and Brands

Americans Are Spending 6% of Their Waking Hours on This Addictive App

Fertnig / Getty Images

TikTok (Douyin in China) was created in China in 2016. Since then, it has swept through the internet like wildfire and just continues to draw in users who were once loyal to other platforms. What started out as exclusively short-form video sharing has grown into a video platform with content that any user will enjoy.

#1 Most Popular App

TikTok, Facebook, social media
Anatoliy Sizov / iStock Unreleased via Getty Images
A photo of the TikTok app.

TikTok is becoming the most popular social media platform in the world. Out of its 1.5 billion monthly active users, almost 30% of the users are aged 18–24. The runner-up demographic at 23.1% are users aged 25–34.

#2 Ban Attempts

Anatoliy Sizov / iStock Unreleased via Getty Images
A photo of TikTok.

TikTok was the most popular app in 2019 and 2020. Several governments have banned or are trying to ban it, like the U.S. It’s currently banned in India and Pakistan due to its “morality issues”. Most users are located in the Asia Pacific region (682 million), with 192 million in North America.

#3 Demographics

Justin Sullivan / Getty Images
Photo of TikTok.

The highest percentage of users are male at 52%. TikTok has 1.6 billion users. In comparison, Facebook has 3 billion users (real and fake).

#4 Company Growth

TikTok In The Mix - Show
Rich Fury / Getty Images Entertainment via Getty Images
A TikTok event.

TikTok’s annual revenue was $16.1 billion in 2023. It sticks out from other social media platforms with its use of music. Several musicians have been discovered on TikTok like Lil Nas X, Jack Harlow, Doja Cat, Tai Verdes, and Gayle.

#5 Music Industry

Crowd At Music Concert Against Sky
dwphotos / iStock via Getty Images
Photo of a concert.

TikTok has turned the music industry upside-down and made music something that fans can participate in. TikTok can revitalize musicians and give them new, younger fans. Recent examples include “It’s All Coming Back To Me Now”,“Fast Car”, and “Running Up That Hill”.

#6 Industry Tactics

2017 CMA Music Festival - Day 3
Rick Diamond / Getty Images Entertainment via Getty Images
Photo of a musician.

The music industry is trying to harness this power by paying influencers to create TikToks, starting a dance challenge, and posting segments of music videos. Most tactics don’t really work and don’t result in a monetary return.

#7 Indie Artists

2013 Coachella Valley Music And Arts Festival – Day 2
2013 Getty Images / Getty Images Entertainment via Getty Images
Photo of a musician.

Also, indie artists no longer have to “make it big,” to find their fans. Oftentimes, an artist can make money by playing for a curated audience. Musicians can grow and thrive and build a platform without the help of record labels. They can own their own work and keep the profits.

#8 TikTok Trends

Business man, headache and stress on laptop for financial mistake, accounting error or results and pain. Professional person with glasses, tired and fatigue on computer for research and job report
PeopleImages.com - Yuri A / Shutterstock.com
A man at a job.

TikTok trends have incredible power. One example is the “Quiet Quitting,” trend. Quiet Quitting refers to employees only doing the work they are paid to do, asserting hard boundaries, having a better work-life balance, and advocating for themselves. This has led to an attitude shift around corporate workplaces that are exploiting you.

#9 Eyes on Events

War on Gaza strip in year 2021
mohammad abu elsebah / Shutterstock.com
A photo from Gaza.

Another impactful phenomenon caused by TikTok is putting cameras on the world’s atrocities that were largely hidden from the global public square. The genocide happening in Gaza largely being recorded by Gazans who are trapped in the Gaza Strip and continue to show the war crimes that are being perpetrated against them. It has helped people realize that what they see in mainstream media is not always the truth.

#10 TikTok News

Male spy holding newspaper with holes on brown background
Pixel-Shot / Shutterstock.com
Person with a newspaper.

One-third of U.S. adults are TikTok users and a little less than one-half of U.S. users have ever posted a TikTok. And four in ten U.S. users say that their main news consumption comes from TikTok. And 58% of American users are women.

#11 Political Skew

Douglas Rissing / iStock via Getty Images
The political divide.

In America, 41% of U.S. Republicans believe that TikTok is a national security threat, and six in ten news consumers on TikTok are Democrats, and only 14% of All Democrats believe TikTok is a national security threat.

#12 An Educational Tool

Glowing lightbulb over a book, Inspiring from read concept, Education knowledge and business education ideas, Innovations, self-learning, knowledge and searching for new ideas. Thinking for new idea.
krungchingpixs / Shutterstock.com
An image of learning.

TikTok has been a really effective platform for science, medical, and public health communication. Doctors, scientists, doctors, therapists, and more use TikTok to share valuable information with the public. Besides the valuable information that they share, science communicators make critical income from the platform, that their industry jobs don’t provide.

 

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.