TikTok, the upstart social media app, has opened an office in Silicon Valley, and has begun work on Facebook. CNBC.
The Chinese-owned company has recently moved to an office space in Mountain View, California, was occupied by Facebook's WhatsApp messaging app, multiple people told CNBC. The new location gives TikTok a presence just out of the Menlo Park headquarters of Facebook,
TikTok was released in 2017 by China-based company ByteDance , which makes a Chinese version of the app called Douyin. TikTok lets users watch and create short videos that are usually set to songs. ByteDance now claims 700 million daily active users. By way of comparison, Facebook claims more than 2.1
Along with the new office, TikTok and ByteDance have posted numerous job listings for positions in the San Francisco Bay Area, according to LinkedIn. Since 2018, the company has been hacking its own way.
The appeal to leave for a social media company as it progresses, two former Facebook employees who are now at TikTok told CNBC. Although Facebook offers unrivaled perks, as TikTok is offering salaries that are competitive and competitive to that of its rival. One person said TikTok has been to offer salaries that are as much as 20% higher than Facebook's.
TikTok is interested in hiring employees with experience from who has the ability to fix issues that arise with high-growth technology person said.
TikTok has even more people from other tech companies, including Snap, Hulu, Apple, Google's YouTube and Amazon, according to another person familiar.
In addition to its new Bay Area office, TikTok is also planning to upgrade its headquarters to Culver City, California, near Los Angeles. CNBC.
TikTok as a competitor on Twitter as well as Twitter both done, but the company has landed on its radar nonetheless.
Last year, Facebook released Lasso, an app that is almost identical to TikTok, except when it comes to download stats. TikTok has been published by app market intelligence firm by 546 million global users since the start of 2019, according to third-party estimates to CNBC by Sensor Tower. By comparison, Lasso has been downloaded by 420,000 worldwide users, according to Sensor Tower. These figures do not include Android downloads in China.
Facebook's Instagram is also reportedly TikTok's video-creation capabilities. In a recent meeting with employees, Facebook CEO Mark Zuckerberg said the company plans to compete with TikTok by beating it in markets where it has yet to gain traction, such as Mexico, with lasso, according to The Verge.
"TikTok It's starting to do well in the US, especially with young folks, "Zuckerberg said.
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