{"id":1191902,"date":"2023-03-12T06:10:33","date_gmt":"2023-03-12T10:10:33","guid":{"rendered":"https:\/\/bugaluu.com\/news\/tiktok-social-media-heavyweight\/1191902\/"},"modified":"2023-03-12T06:10:33","modified_gmt":"2023-03-12T10:10:33","slug":"tiktok-social-media-heavyweight","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/tiktok-social-media-heavyweight\/1191902\/","title":{"rendered":"TikTok: Social Media Heavyweight"},"content":{"rendered":"<div class=\"ftpimagefix\" style=\"float:left\"><a target=\"_blank\" href=\"https:\/\/www.zerohedge.com\/technology\/tiktok-social-media-heavyweight\" rel=\"noopener\"><img decoding=\"async\" width=\"100\" alt=\"Infographic: TikTok: Social Media Heavyweight | Statista\" src=\"https:\/\/cdn.statcdn.com\/Infographic\/images\/normal\/29467.jpeg\"><\/a><\/div>\n<p><span class=\"field field--name-title field--type-string field--label-hidden\">TikTok: Social Media Heavyweight<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>The White House has endorsed a Senate bill that members unveiled Tuesday, which would give the U.S. government more far-reaching powers in restricting and even banning foreign-linked software or electronics producers.<a target=\"_blank\" href=\"https:\/\/www.statista.com\/chart\/29467\/app-revenue-ad-revenue-market-shares-social-media\/\" rel=\"noopener\"> As Statista&#8217;s Katharina Buchholz reports<\/a>, the <strong>draft law is considered to be aimed at Chinese-owned social media network\u00a0<a target=\"_blank\" href=\"https:\/\/www.statista.com\/topics\/6077\/tiktok\/\" rel=\"noopener\">TikTok<\/a>, even though it doesn&#8217;t explicitly name the service. <\/strong><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2023\/03\/08\/tech\/biden-tiktok-bill\/index.html\" rel=\"noopener\">The Restricting the Emergence of Security Threats that Risk Information and Communications Technology Act <\/a>&#8211; <strong>RESTRICT for short<\/strong> &#8211; is being unveiled after two years of largely fruitless negotiations with TikTok to address U.S. national security concerns surrounding the app.<\/p>\n<p>Concern over how much of TikTok&#8217;s user data could be seen &#8211; and potentially weaponized &#8211; by the Chinese government has been heightening in the U.S. and Europe alike.<\/p>\n<p>As seen in data by\u00a0<a target=\"_blank\" href=\"https:\/\/www.statista.com\/outlook\/\" rel=\"noopener\">Statista Market Insights,<\/a>\u00a0TikTok has curated a large following in the United States and Europe, with <strong>its app revenue market share surpassing those of older social media networks like Instagram and Facebook &#8211; both U.S. owned.<\/strong><\/p>\n<\/p>\n<p><em>You will find more infographics at <a target=\"_blank\" href=\"https:\/\/www.statista.com\/chartoftheday\/\" rel=\"noopener\">Statista<\/a><\/em><\/p>\n<p><strong>In the United States, TikTok&#8217;s share is already comprising 26 percent of the market, far ahead of Instagram&#8217;s 14 percent.<\/strong> However, advertisers have been sticking to longer-standing services.\u00a0<a target=\"_blank\" href=\"https:\/\/www.statista.com\/topics\/8309\/tiktok-marketing\/\" rel=\"noopener\">TikTok&#8217;s social media ad spending<\/a>\u00a0share in the U.S. as well as the UK and Germany hovered between 9-12 percent, behind larger ad players Facebook, Instagram as well as professional networks Linkedin (i.e. equivalent Xing in the German market).<\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a target=\"_blank\" title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" lang=\"\" class=\"username\" xml:lang=\"\" rel=\"noopener\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Sun, 03\/12\/2023 &#8211; 08:45<\/span><\/p>\n<p>From:<a href=\"https:\/\/www.zerohedge.com\/technology\/tiktok-social-media-heavyweight\" target=\"_blank\" title=\"TikTok: Social Media Heavyweight\" rel=\"noopener\">Zerohedge<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TikTok: Social Media Heavyweight The White House has endorsed a Senate bill that members unveiled Tuesday, which would give the U.S. government more far-reaching powers&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1191902","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-504e","jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1191902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1191902"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1191902\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1191902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1191902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1191902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}