Musical.ly was one of the popular short form (15 seconds) video streaming and sharing app, with over 100 million users, up until August 2018. This app allowed users to make a short video with music and dialogue options, which they could lip-sync and make funny or entertaining videos.
This Musical.ly app was widely popular with some content creators rising to the hall of fame based on their engaging content on this platform. The users created and shared their Musical.ly videos on social media platforms like Facebook, Instagram, Twitter and other apps that increase its popularity.
In August 2018, the app was acquired by a Chinese company ByteDance and they changed the Name as Tik Tok. All of the users’ accounts and video contents were present on Musical.ly were automatically transferred to the new Tik Tok app.
Who Made Tik Tok App?
TikTok is a short form of a video-sharing app that allows users to create and share 60-seconds videos, on any topic with filters, music, animation, special effects, and more. It’s available in over 150 markets and 75 languages.
It is owned by ByteDance, a Beijing-based company founded in 2012 by Zhang Yiming. TikTok App also maintains a separate app for the Chinese people, known as Duyin, which has over 400 million active monthly users. As for the addition of Western markets, TikTok now has more than half a billion monthly users worldwide, with nearly 80 million downloads in the United States and additional stats is, Tik Tok was the number one downloaded app in the iTunes App Store.
Zhang Yiming, the 35-year-old software engineer who founded the app and now has a net worth of $16.2 billion as Forbes Estimates. He is also China’s 13th wealthiest person ranked by Bloomberg Billionaires Index. Zhang was born in 1983 in Fujian and his parents worked as civil servants. His name is based on Chinese proverb about “surprising everyone with a first attempt”. As the name implies, his TikTok app hits big reach on the first attempt, now made one of the leading users using apps within 2 years.
Can You Make Money on TikTok?
TikTok won’t give money directly to you. But you can earn money through TikTok only if you get sponsorship opportunities. TikTok majorly monetizes through Ads and Sponsored marketing. If you want to make money on TikTok, you must have attractive content and followers. This totally depends on how good your engagement rates are on TikTok. It’s based on how many comments/likes to view ratio your videos have and how much popularity you have achieved.