TikTok’s interface is perfectly optimized to gather user sentiment data (translation: it knows how to keep you hooked)
You’ve almost certainly seen a viral TikTok video.
Last year, the short video platform saw 800m+ new downloads, the most of any app.
The driving force behind its catchy dance vids, cooking shows, and cringe dad comedy…
According to Financial Times, TikTok’s parent company ByteDance has turned this algorithm and other tools into a service other companies can pay to use.
It’s called BytePlus and offers:
… including Goat (US retailer), WeGo (Singaporean travel site), and Chilibeli (Indonesian e-commerce), per FT.
ByteDance is looking to diversify its business ahead of an IPO that could value the company (including TikTok) at $400B.
This isn’t its only new product: TikTok is testing a celebrity shoutout tool for its creators.
Based on how much The Hustle has spent on Cameo, that could be the real cash cow.