10/10/2023 0 Comments Snaps tik tokWhile Meta’s main platform is renowned for its social networking features, the company has made notable efforts to challenge TikTok’s dominance in short-form video content. (NASDAQ: META)įacebook parent Meta Platforms is another mega-cap stock that took investors on a wild ride - shares of the social media behemoth tumbled 64% in 2022 but have already doubled in 2023. Shares plunged 39% in 2022 but have surged 38% so far in 2023. “Those posting weekly on Shorts saw the majority of new channel subscribers coming from their Shorts posts.”Ĭommanding a market cap of over $1.5 trillion, Alphabet is already a tech behemoth. “Last year, the number of channels that uploaded to Shorts daily grew over 80%,” he said during the company’s latest earnings conference call. The company has introduced YouTube Shorts on its video-sharing platform, allowing users to create and share short-form videos directly competing with TikTok’s format.Īccording to Alphabet CEO Sundar Pichai, this new format has been gaining popularity. The company boasts a vast array of ventures, from dominating the search engine market to dabbling in self-driving cars and life sciences.Īlphabet also presents itself as a formidable competitor to TikTok. Here's How To Invest In The City's Growth Before He Floods It With New Tech WorkersĪs the parent company of Google, Alphabet was created in 2015 to give Google’s wild ideas some room to play. Here are three rival companies that could capitalize on the situation.Ĭlosing the Wealth Gap: Investment Fund Delivers Impressive Returns To Its Investors And TenantsĮlon Musk Is Bullish On Austin. But it also presents opportunities for the app’s U.S. The possibility of further bans on TikTok poses a significant threat to its business. Previously, TikTok said that the Biden administration wanted the app to be divested from its Chinese parent company or face a potential ban. “What it really is is to ensure that American data is stored on American soil by an American company and overseen by American personnel.”Ĭoncerns regarding TikTok’s potential impact on national security extend beyond the state level. “We have built over the last two years something we call internally 'Project Texas',” Chew added.
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