Markets News Report
March 30, 2023

TikTok Overtakes Instagram to Become the World’s Most-Downloaded App

In the world of social media, the competition between apps is constantly heating up. The last few years have brought a new entrant to the fray: TikTok. Launched in mid-2016, it has skyrocketed in popularity and recently overtook Instagram to become the world’s number-one downloader.

The Rise Of TikTok: How It Overtook Instagram To Become The World's Number One Downloader

To put that into context, TikTok had 1.6 billion users in 2022. The case of TikTok is definitely an underdog story, as it quickly became an international sensation and dominated the market.

TikTok overtook Instagram to become the world's number one downloader app

So how did the relative newcomer overtake one of the internet’s stalwarts? To understand the magnitude of TikTok’s success, one must delve into its winning formula. TikTok is renowned for its simplistic interface and a wide array of content. Unlike Instagram, TikTok also offers a variety of creative tools for users to express themselves further, ranging from video editing to special effects. The app also encourages creativity by allowing users to repost and react to content created by others, generating a thriving creative community. Such features have led to infectious creativity, allowing TikTok to become a genuine source for a variety of content and videos.

Another factor is its focus on monetization. It generated $9.5 billion in transactions worldwide in 2022, up 2x year-on-year. What’s more, advertising on the app skyrocketed in 2022, as many companies saw it as an ideal platform to reach out to younger customers.

The surge in TikTok’s popularity is also linked to its accessibility to brands, with the ability to incorporate sponsored content, ads, and influencer posts. The brand collaborations have been pivotal to TikTok’s success, with the app offering a variety of ways to reach users. Add to that the wide availability of influencers, and it’s easy to see why companies prefer to collaborate with the platform.

It’s inevitable to mention the uncertainty of TikTok’s future. To recap, the app has had a bevy of instances of censorship, data hacks, and accusations of electoral interference.

It doesn’t take a genius to figure out what’s really behind the US pressure on TikTok.

  • The five-hour US Congress hearing revealed that TikTok’s moderation policies were inconsistent, raising concerns about the potential for censorship and political bias. Show Chu stated that ByteDance is neither owned nor controlled by the Chinese authorities, but this is untrue, as ByteDance is de facto under the supervision of the Chinese government. This raises concerns about the company’s ability to operate independently and without interference from the Chinese authorities. The American establishment wants people to believe Silicon Valley’s tech is trustworthy, but the privacy and security of users’ data are not strong. Banning TikTok would make Mark Zuckerberg and Sundar Pichai’s lives easier.

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About The Author

Damir is the team leader, product manager, and editor at Metaverse Post, covering topics such as AI/ML, AGI, LLMs, Metaverse, and Web3-related fields. His articles attract a massive audience of over a million users every month. He appears to be an expert with 10 years of experience in SEO and digital marketing. Damir has been mentioned in Mashable, Wired, Cointelegraph, The New Yorker, Inside.com, Entrepreneur, BeInCrypto, and other publications. He travels between the UAE, Turkey, Russia, and the CIS as a digital nomad. Damir earned a bachelor's degree in physics, which he believes has given him the critical thinking skills needed to be successful in the ever-changing landscape of the internet. 

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Damir Yalalov
Damir Yalalov

Damir is the team leader, product manager, and editor at Metaverse Post, covering topics such as AI/ML, AGI, LLMs, Metaverse, and Web3-related fields. His articles attract a massive audience of over a million users every month. He appears to be an expert with 10 years of experience in SEO and digital marketing. Damir has been mentioned in Mashable, Wired, Cointelegraph, The New Yorker, Inside.com, Entrepreneur, BeInCrypto, and other publications. He travels between the UAE, Turkey, Russia, and the CIS as a digital nomad. Damir earned a bachelor's degree in physics, which he believes has given him the critical thinking skills needed to be successful in the ever-changing landscape of the internet. 

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