Tik-tok is an online video sharing social platform owned by a Chinese company named ByteDance. The social media platform is used to make variety of short-form videos, from genres like dance, comedy, and education, that have duration from 3 seconds to 1 minute.
The latest available statistics shows that Tik-Tok has been downloaded more than two billions times and there are more than 500 million active users. It has been downloaded more than 315 million times in the Q1 of year 2020 which is best figure for any app ever in a single quarter, which leads it to generate the revenue of $5.6billion and now the company reportedly worth more than $100 Billion.
Talking about most downloaded apps of this year, Tik-Tok ranks in the first position improving 3 positions compared to last year. facebook stands in second position. WhatsApp Messenger, Zoom Cloud Meeting and Instagram respectively hold the third, fourth, and fifth position.