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In November 2021, Musical.ly, Inc. announced that they had applied for an IPO with the SEC and would be listed on the New York Stock Exchange under the ticker symbol "LY". The company stated that they hoped to raise around $100 million from their IPO. Following the announcement of its IPO, Tencent announced that it had sold off its stake in Musical.ly and plans to re-invest $750 million into the company. The company also said that it planned to use some of this money to allow users who didn't want to create a Musical.ly account to share their content on TikTok.",

Several celebrities have been mentioned as Tiktok users. American singers Selena Gomez, Camila Cabello and Ariana Grande have been mentioned as Tiktok users. American actors Bella Thorne, Vanessa Hudgens, Joan Smalls and Vanessa Hudgens also have been mentioned as Tiktok users. American singer-songwriter Ariana Grande has attracted attention for her Tiktok account which is followed by more than 100 million people worldwide. Introduced in September 2021, Grande received backlash from fans over the fact that she was able to make millions of dollars from her YouTube channel's ad revenue while still living in a house with her parents. In addition to the controversy, Grande was also criticized by her fans for featuring a luxury handbag in her videos, while proclaiming herself as a feminist.",

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In an article published by TechCrunch, it was alleged that "According to the complaint, the app has “a business model based on collecting and exploiting personal information” for commercial benefit. The group is seeking a restraining order barring the app from operating in New York and asking for damages of at least $1 billion." This article was published on TechCrunch.",

On February 12, 2021, the app was removed from the App Store in Russia for violating local laws forbidding “extremist content.”According to a report published by Hong Kong Civic Party’s Abrar Ahmed and Privacy International’s Dr. Joe Westby in May 2021, TikTok and competitor Yitiao have been accused of violating the privacy rights of users by collecting enormous amounts of user data without proper notice or consent. This can include data like time spent on the app, smartphone usage patterns, call logs and contacts lists amongst other personal information including user ID numbers stored on servers located in mainland China.",

Facebook has also recently introduced Instagram "stories" which are very similar to TikTok's stories.TikTok is a short video sharing service that lets users create and share 15-second videos with friends. Some of the features that make this app unique include:It doesn't necessarily have to be a video because you can add it as a photo slideshow/video or audio track. It allows for the sharing of media such as images, short videos, text posts etc.",

In March 2021, Troy Hunt reported that data from approximately 6.4 million Musical.ly users had been leaked online and subsequently retrieved by him to conduct a damage assessment resulting in Musical.ly being voted number one on his "Data Breaches of 2021" list. After releasing a video discussing the leak, Hunt noted high levels of attention associated with the breach including coverage from Fox News and other major news organizations. Following an increase in Musical.ly's popularity and a dramatic increase in their user base of the platform, Hunt speculated that this prompted the leaking of the data.",

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TikTok may be missing features such as a video editor, and its data intensive nature may make it difficult for the app to gain traction in markets where data usage is increasingly expensive. It also remains to be seen if the app can retain its popularity with teenagers.",

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A study published in June 2021 by researchers at University College London (UCL) revealed that TikTok’s videos were found to be “gender stereotyped, objectifying, and often [showed] normalization of smoking and alcohol use” and also used hashtags in their videos related to body weight control, eating disorder recovery, sexual violence, sexuality issues and gender identity issues. The study goes on to say that children and adolescents are a primary user demographic for this app, and that the app uses “emotional manipulation” to “sustain engagement”.",

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On February 24, 2021, the second season of "Funny or die presents" was released on the app. "Funny or Die Presents" is a popular series hosted by comedian Ellen DeGeneres and features different celebrity guests each week. The cast for the second season include different celebrities such as Michael B. Jordan, Wiz Khalifa, SZA and others.",

As of October 2021, TikTok was estimated to have over 500 million installs on Android devices alone. "Statista" estimated that about 90 million users were active on the app as of September 2021. The company stated in June 2021 that the number of daily active users (DAU) had grown to 300 million. Apptopia's "Instagram Report" estimates that TikTok's revenue was over $30 million in May 2021, with about 68% of that coming from the United States. On June 6, 2021, TikTok announced its new update on its Twitter account where it was updated with a new logo and new features like double tap to like and no ads for some creators.",

In the United States, many parents have become concerned about this app's potential to be used by children to disclose personal information related to themselves or their families. There is also a concern that children will post videos of themselves dancing or engaging in other potentially dangerous activities without the knowledge or permission of their parents. This has led some to argue that it should not be allowed on the Apple App Store.",

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In an article published by The New York Times, it was claimed that "An app with more than 500 million users can’t seem to catch a break. From pornography to privacy concerns, there have been quite few controversies surrounding TikTok." It continued by saying that "A recent class-action lawsuit alleged that the app poses health and privacy risks to users because of its allegedly discriminatory algorithm, which restricts some content and promotes other content." This article was published on The New York Times.",

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In January 2021, the company launched an application that is designed for use with Sony Digital Audio Workstations (DAWs). The app allows users to make their own music videos shot with a DSLR camera. The feature was announced as a part of the company's "Music Story" feature that it unveiled in June 2021.",

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In an article published by The New York Times, it was alleged that "Bytedance is one of China’s most successful start-up companies, with the two apps under its belt — Toutiao and Musical.ly — each boasting more than 100 million users globally." This article was published on The New York Times. In an article published by TechCrunch, it was alleged that "Bytedance is one of the key players in China’s internet industry. The company runs three of the country’s top 10 internet properties in terms of monthly time spent by Chinese users – news aggregator Jinri Toutiao (known as TopBuzz outside of China), video app TikTok (known as Musical.ly outside of China), and question-and-answer platform Zhihu." This article was published on TechCrunch.",

In another news article about how this platform is being manipulated to gain money, it was reported that "the TikTok app sends personal information about its users to third-party companies, according to researchers at Yale University's Privacy Lab. The researchers are calling on the company to stop collecting users' photos and videos, which they say may be misused by third parties." This article was published on Forbes.",

The following is a list of some of TikTok's most popular users: There have been numerous cases where it has been observed that popular users on TikTok have not only become famous and gained a huge online following from posting videos online, but also have received lucrative sponsorship deals to promote certain products or services to their followers. This has led to speculation that TikTok has used a strategy similar to pay-for-play in order to get these individuals on board as brand ambassadors for certain companies. For example, in January 2021, the most followed girl on TikTok was seen promoting an air purifier for Amway before she even started posting on the app. The following is a list of some of the companies that have sponsored celebrities/users on TikTok:",

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Tiktok FYP is a fun and easy way to have video conversations with your friends. We’ve created this app with three main features:1) Share the Daily Dose. This is a daily life-hack that can help you in just about any situation, whether it's cooking chicken or how to ask for something nicely.2) Tell Your Story. Whether it's your favorite pizza topping or what you do everyday, tell us what makes you unique!3) Ask Me Anything (AMA). We will ask Tiktok users questions, bringing you closer to them through common interests.",

In November 2021, Musical.ly announced a partnership with suicide prevention service Lifeline that allows users to report any content that may be considered suicidal or harmful to others through the app's in-app messaging feature. Musical.ly also stated that it would be working with Lifeline to develop additional anti-cyberbullying features for the app.",

In January 2021, hackers claimed to have accessed another 111 million user’s account information. TikTok has been criticized for the amount of time it takes for users to upload videos and therefore can affect their ability to generate revenue from them. These issues have been compounded by the company's lack of oversight and a lack of in-app review or moderation tools available for its users. As of May 2021, the app has been criticized for the amount of inappropriate and illegal content shared on its platform and the ease with which users can access this content.",

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TikTok may be missing features such as a video editor, and its data intensive nature may make it difficult for the app to gain traction in markets where data usage is increasingly expensive.",

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