Dubai Telegraph - TikTok: key things to know

EUR -
AED 4.291758
AFN 74.202607
ALL 95.815209
AMD 433.445389
ANG 2.091694
AOA 1072.792813
ARS 1638.40494
AUD 1.632378
AWG 2.106437
AZN 1.993295
BAM 1.953301
BBD 2.354015
BDT 143.435854
BGN 1.949377
BHD 0.441035
BIF 3476.643619
BMD 1.16862
BND 1.490992
BOB 8.106627
BRL 5.827203
BSD 1.168769
BTN 111.100842
BWP 15.865699
BYN 3.30597
BYR 22904.946195
BZD 2.351092
CAD 1.591993
CDF 2706.523045
CHF 0.916449
CLF 0.027111
CLP 1067.031657
CNY 7.981964
CNH 7.983998
COP 4357.140135
CRC 531.417756
CUC 1.16862
CUP 30.968422
CVE 110.609481
CZK 24.399786
DJF 207.686974
DKK 7.472353
DOP 69.651316
DZD 154.742285
EGP 62.555716
ERN 17.529296
ETB 183.560937
FJD 2.570728
FKP 0.860363
GBP 0.864037
GEL 3.137759
GGP 0.860363
GHS 13.082739
GIP 0.860363
GMD 85.884964
GNF 10257.560439
GTQ 8.932774
GYD 244.537105
HKD 9.156638
HNL 31.12043
HRK 7.533505
HTG 152.963517
HUF 365.308206
IDR 20369.684178
ILS 3.440411
IMP 0.860363
INR 111.377167
IQD 1530.891812
IRR 1536734.911165
ISK 143.401016
JEP 0.860363
JMD 184.134393
JOD 0.828519
JPY 183.752009
KES 150.962307
KGS 102.161318
KHR 4688.502378
KMF 491.41186
KPW 1051.757731
KRW 1723.888782
KWD 0.359981
KYD 0.974154
KZT 542.216212
LAK 25665.809059
LBP 104476.037875
LKR 373.498897
LRD 214.587827
LSL 19.66788
LTL 3.45063
LVL 0.706886
LYD 7.403239
MAD 10.80627
MDL 20.12425
MGA 4855.614784
MKD 61.623628
MMK 2453.808931
MNT 4179.773496
MOP 9.431632
MRU 46.686663
MUR 54.645088
MVR 18.060971
MWK 2035.157276
MXN 20.475164
MYR 4.630655
MZN 74.68652
NAD 19.668118
NGN 1602.095525
NIO 42.911641
NOK 10.849156
NPR 177.759268
NZD 1.992245
OMR 0.449344
PAB 1.169004
PEN 4.097227
PGK 5.063043
PHP 72.127425
PKR 325.753226
PLN 4.257591
PYG 7266.701961
QAR 4.257292
RON 5.192639
RSD 117.376262
RUB 87.646253
RWF 1706.769077
SAR 4.384889
SBD 9.379188
SCR 16.184988
SDG 701.747774
SEK 10.872329
SGD 1.49224
SHP 0.872493
SLE 28.806613
SLL 24505.366399
SOS 667.868137
SRD 43.771819
STD 24188.068435
STN 24.716307
SVC 10.228868
SYP 129.161674
SZL 19.667847
THB 38.284118
TJS 10.941999
TMT 4.096012
TND 3.372059
TOP 2.813756
TRY 52.841014
TTD 7.939841
TWD 36.940654
TZS 3032.568437
UAH 51.507494
UGX 4386.505198
USD 1.16862
UYU 47.07976
UZS 14021.099238
VES 571.388131
VND 30770.925421
VUV 138.807225
WST 3.173023
XAF 655.118749
XAG 0.015983
XAU 0.000257
XCD 3.158254
XCG 2.106904
XDR 0.812927
XOF 652.677815
XPF 119.331742
YER 278.861871
ZAR 19.640877
ZMK 10518.970289
ZMW 21.889991
ZWL 376.295068
  • NGG

    -0.9800

    87.5

    -1.12%

  • BCC

    -3.8000

    74.33

    -5.11%

  • BCE

    -0.0300

    23.93

    -0.13%

  • CMSC

    -0.0100

    22.87

    -0.04%

  • AZN

    -1.2800

    183.46

    -0.7%

  • GSK

    -0.7100

    50.9

    -1.39%

  • RYCEF

    -0.0200

    16.33

    -0.12%

  • RBGPF

    1.6000

    64.7

    +2.47%

  • RIO

    -1.9500

    98.63

    -1.98%

  • RELX

    0.0100

    36.36

    +0.03%

  • JRI

    -0.0500

    12.93

    -0.39%

  • CMSD

    -0.0300

    23.25

    -0.13%

  • VOD

    -0.1000

    16.05

    -0.62%

  • BTI

    -0.3600

    58.35

    -0.62%

  • BP

    0.5300

    46.94

    +1.13%

TikTok: key things to know
TikTok: key things to know / Photo: Roslan RAHMAN - AFP/File

TikTok: key things to know

TikTok boasts over a billion users worldwide, including more than 170 million in the United States, it says -- nearly half the country's population.

Text size:

Here is a closer look at the app, which said Thursday it had signed a deal with investors that would allow it to maintain US operations and avoid a ban threat over its Chinese ownership.

- Born in China -

TikTok's surge from niche video-sharing tool to global powerhouse is one of the biggest shifts in digital entertainment since the advent of social media.

From friends dancing together to home chefs sharing recipes, TikTok can transform ordinary users into celebrities, revolutionizing the traditional path to stardom.

It was launched in 2016 by Chinese tech company ByteDance for the local market, where it is called Douyin. The international version, TikTok, was released in 2017.

The app gained massive momentum after merging with Musical.ly, a lip-synching app, a year later.

- 'For You' page -

The so-called secret sauce in TikTok's rapid expansion has been its innovative recommendation algorithm.

Instead of showing content from accounts that users already follow, the endless scroll of TikTok's "For You" page is based on viewing habits, engagement patterns and sophisticated content analysis.

A video from a complete unknown can reach millions of people if the algorithm determines it engaging enough -- a model that the app's rivals have been quick to follow.

TikTok's focus on short clips also helps keep users hooked.

It was initially limited to uploads of 15 seconds, but this was later expanded to up to 10 minutes, and now some users can post videos as long as 60 minutes.

- Political suspicions -

TikTok's mass appeal means its rise has been controversial -- mainly over its Chinese ownership and its built-in unpredictability.

The platform has faced scrutiny from governments worldwide, particularly in the United States, over data privacy and potential ties to the Chinese government, including accusations of spying and propaganda.

India banned TikTok along with other Chinese apps in 2020, citing national security concerns.

- Huge fine -

A European Union watchdog fined TikTok 530 million euros ($620 million) in May for failing to guarantee its user data was shielded from access by Chinese authorities.

The social media giant has appealed the fine, insisting it has never received any requests from Chinese authorities for European users' data.

- Teenage safety fears -

In a world first this month, Australia banned under-16s from major social media platforms including TikTok, Instagram and YouTube, with the onus on the tech firms to kick young users off their services.

Other countries have expressed concern about the potential effects of TikTok on young users, including accusations it funnels them into echo chambers and fails to contain illegal, violent or obscene content.

Albania banned TikTok for a year in March after a 14-year-old schoolboy was killed in the culmination of a confrontation that started on social media.

- Sell or be banned -

The US Congress passed legislation in 2024 requiring ByteDance to divest control of TikTok in the United States or be banned.

On Thursday, according to an internal memo seen by AFP, TikTok CEO Shou Chew told employees that the social media company and its Chinese owner ByteDance had agreed to a new joint venture in the United States.

Oracle -- whose executive chairman Larry Ellison is a longtime ally of President Donald Trump -- Silver Lake and Abu Dhabi-based MGX are on board as major investors.

"The US joint venture will be responsible for US data protection, algorithm security, content moderation, and software assurance," Chew said in the memo.

burs-lth/kaf/sla

F.El-Yamahy--DT