Press "Enter" to skip to content

US TikTok Users Prepare for a Possible Exit From Platform

Shares

Key Points

  • American TikTok users reacted with a collective shrug Friday to the US move to ban new downloads of the video-sharing app—but many are already planning an exit to other platforms should the clampdown lead to an outright ban.
  • Although young users on the platform, who make up its primary base, don’t seem to have paid much attention to the government’s announcement, the older ones have reacted.
  • However, most of those who have built a following on TikTok are getting ready to pack their bags, regardless of the ultimate outcome.
  • Visit The Financial Today’s homepage for more stories.

New York — American TikTok users reacted with a collective shrug Friday to the US move to ban new downloads of the video-sharing app—but many are already planning an exit to other platforms should the clampdown lead to an outright ban.

“Oh, my God! Ok! It’s happening! Everybody stay calm!” TikToker Nick Foster told his 577,000 followers, dubbing a video of himself with audio of actor Steve Carell’s character on the series “The Office” panicking during a fire alarm.

Although young users on the platform, who make up its primary base, don’t seem to have paid much attention to the government’s announcement, the older ones have reacted.

“Thank you for the fun times,” posted The Buyin King, a 22-year-old investor with 438,000 followers. 

Some users were pragmatic, pointing out that for those who already had the app, little would change between Sunday, when the government ban on downloads will go into effect, and November 12, the cutoff date set by President Donald Trump’s administration.

The administration has targeted TikTok, owned by Chinese tech giant Bytedance, over national security, escalating a fight with Beijing over the digital technology. The November 12 deadline potentially allows for a tie-up between TikTok and a US company to safeguard data to allay Washington’s security concerns.

“This is posturing,” said Jeff Couret, a consultant with 376,000 TikTok followers. “For Trump, it’s a way of showing TikTok that he means business but without hurting them too much.”

However, most of those who have built a following on TikTok are getting ready to pack their bags, regardless of the ultimate outcome.

For people who make a living off of their presence on the social network—such as star Addison Rae, who boasts 60.9 million followers and earned $5 million between June 2019 and June 2020, according to Forbes magazine—the financial stakes are high.

For weeks now, many TikTok users have been sharing their Instagram and YouTube accounts on their profiles, preparing their fans for a jump to greener pastures.

Competitors lying in wait

Even TikTok’s gold standard, Charli D’Amelio—who, with 87.5 million followers at just 16 years old, is the platform’s most popular creator—announced Tuesday a non-exclusive partnership with Triller, a similar platform, where she already has 1.1 million subscribers.

Bryce Hall, Nessa Barrett, and Chase Hudson—largely unknown among the over-20-year-olds but with more than 10 million TikTok followers each—have also started Triller accounts.

In a sign of the times, Trump himself, who never dipped his toe into TikTok’s waters, has made his debut on Triller, where he already has 953,000 followers.

In August, Triller announced it had been downloaded 250 million times since it was created, a figure that was disputed by analytics firm Apptopia, which put the number of downloads closer to 52 million.

The app is not the only one positioning itself to rise from the ashes of titan TikTok, which has been downloaded two billion times worldwide and has 100 million users in the US alone.

Also lying in wait are Byte (no relation to TikTok’s parent company ByteDance), which was launched in January, as well as Likee—which Apptopia says was downloaded 7.2 million times in the US between February and August—and Dubsmash.

Not to mention Instagram and YouTube, which have extended their tentacles with Reels and YouTube Shorts, respectively, the test versions of which launched opportunely in the past few months.

The winner “will be the one that the loyal TikTok users perceive as being the ‘cool’ place to be,” said James Mourey, a marketing professor at DePaul University.

In its time, TikTok itself had benefited from the January 2017 disappearance of Vine, a video-sharing app that had 200 million active users at its peak.

In the current context, “startups like Byte may have the edge, as we know established brands in tech lose their ‘cool factor’ the older they get,” said Mourey, pointing to younger generations’ migration from Facebook to Instagram.

But even weakened and suspended, TikTok isn’t dead yet, Mourey warned.

A lot can still happen before November 12, “and don’t forget: TikTok is not banned outside of the US, so as long as TikTok continues to be the dominant player globally, it will continue to innovate and maintain a strong customer base,” he said.

[Thomas Urbain]

Be First to Comment

Leave a Reply

Hi, I'm Alfred Cardenas!We’re running an equity crowdfunding campaign.

This is your chance to invest and own a part of The Financial Today!