General Information About: TikTok, Snapchat

General Information About: TikTok, Snapchat

TikTok was launched in 2016 by ByteDance, founded by Zhang Yiming, and quickly became one of the most downloaded apps in the world. ByteDance itself has been valued at around $75 billion, making it one of the most valuable private companies in the world, and Zhang Yiming has ranked among the richest people in China, with a net worth of roughly $12 billion. By late 2019, TikTok had around 1.5 billion registered users and 500 million active users.

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As for Snapchat:

Snapchat launched on September 26, 2011, created by Evan Spiegel and Robert Murphy, built around disappearing photo messaging. It expanded to Android and 19 languages by the end of 2012, and introduced its now-famous geofilters in 2014. Snapchat famously turned down major acquisition offers, including from Google and Facebook, choosing to remain independent.

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