Despite the problems of TikTok in some countries, where individual governments perceive the dangers of the application and the transfer of data to the Chinese government, this application is spreading around the world. It is a very dynamically developing application and you can suspect that it will soon become one of the basic social media, such as Facebook. This can be evidenced, among others, by valuation of this application by market experts.
Reuters reports that some market investors interested in purchasing TikTok are valuing the app at 50 billion of dollars. This is a very high valuation, as in comparison, the competitive Snapchat, which also relies on transferring video recordings between users, is currently valued at 34 billion of dollars. However, this should not come as a surprise to anyone, as the management of TikTok expects that the application will generate as much as 6 billion of dollars revenue during 2021.