Digital monopoly

Launched in 2017 by the private Chinese company ByteDance, TikTok quickly became one of the most important social networks on the planet. By early 2025, it had 1.6 billion active users, more than half of them outside China, of whom an estimated 170 million are North American; 1 in 5 people in the US get their news from this network, 4 in 10 among the 18-29 age group. Today, it is the fastest-growing platform among the younger segments of the global population. The US government has waged a long battle to force ByteDance to sell the US branch of TikTok to a group of “domestic” capitalists, citing national security concerns and threatening to ban the platform in the US if the deal did not go through.