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RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡

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TikTok

🌎 tiktok.com

TikTok is the world's leading destination for short-form video, allowing users to create, edit, discover, and share videos. Launched in September 2016, it has rapidly grown into a popular social media platform known for its engaging content and creative tools. The company operates globally, with a focus on inspiring creativity and bringing joy to its users.

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TikTok - Latest News and Updates

• A senior Romanian telecom regulator official called for TikTok to be suspended pending an investigation into its potential role in a far-right victory in Romania's presidential election.
• Australia's House of Representatives passed a bill banning TikTok and other social media platforms from allowing kids under 16 to access them, with potential fines up to $33 million.
• TikTok faces a potential sale to American investors as a divest-or-ban law is set to take effect on January 19, 2024, with both the Chinese government and ByteDance possibly open to the idea.
• TIPS Music has partnered with TikTok to make its library of over 31,000 songs available on the platform, enhancing global access to Indian music.
• Tips Music has partnered with TikTok to make its music collection accessible to music lovers, NRIs, and expatriates on the platform.

• TikTok is suing the U.S. government to block a potential ban as it faces an important court decision soon.
• TikTok has updated its navigation menu to include a 'Search' and 'Upload' option.
• TikTok, along with Facebook and Instagram, has driven a 19.3% increase in social media ad spending, reaching $252.7 billion in 2024.
• TikTok Shop anticipates record UK sales this Christmas with a 58% YoY increase in ad revenues and triple-digit Black Friday growth, while expanding its ecommerce efforts in the US and Europe.
• TikTok announced it will block beauty filters for teenage users to protect their mental health amidst concerns about unrealistic beauty standards.

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