Who Owns Facebook and TikTok? CEO and Owner Revealed

Facebook and TikTok are two of the most popular social media platforms in the world.

While Facebook has been around for much longer, TikTok has rapidly grown in popularity over the past few years, particularly among younger users.

Facebook was founded in 2004 by Mark Zuckerberg, Dustin Moskovitz, and Eduardo Saverin while they were students at Harvard University. Initially, the platform was limited to Harvard students before expanding to other universities and eventually the general public. Today, Facebook has over 2.8 billion monthly active users, making it the most widely used social media platform in the world.

Facebook allows users to connect with friends and family, join groups, create pages, and share photos, videos, and posts. The platform has evolved over time to include features such as Facebook Marketplace for buying and selling items, Facebook Watch for watching videos, and Facebook Messenger for messaging and video calls.

TikTok, on the other hand, was launched in 2016 by Chinese tech company ByteDance. The app allows users to create short videos set to music, which can then be shared with other users. TikTok quickly gained popularity, particularly among younger users, and now has over 1 billion monthly active users.

TikTok’s algorithm is one of the key factors in its success. The app’s “For You” page uses artificial intelligence to show users content that is tailored to their interests and preferences, making it easy for users to discover new and engaging content.

One of the key differences between Facebook and TikTok is the way they monetize their platforms. Facebook makes most of its revenue through advertising, allowing businesses to target users based on their interests and behavior. TikTok, on the other hand, has been slower to monetize its platform, with most revenue coming from in-app purchases and partnerships with brands.

Both platforms have faced criticism and controversy over the years. Facebook has been criticized for its handling of user data and its role in spreading misinformation and hate speech. TikTok has faced scrutiny over its ties to the Chinese government and concerns about data privacy and security.

Who owns Facebook and TikTok?

Facebook and TikTok are owned by different companies.

Facebook is owned by Meta, a publicly traded company. Mark Zuckerberg, one of the co-founders of Facebook, is currently the CEO and largest shareholder of the company. Other major shareholders include various institutional investors and mutual funds.

TikTok, on the other hand, is owned by Chinese tech company ByteDance. ByteDance was founded in 2012 by Zhang Yiming and has grown rapidly in recent years, with a valuation of over $400 billion. Zhang Yiming is currently the CEO of ByteDance, which operates a number of popular apps in addition to TikTok, including Douyin (the Chinese version of TikTok), Toutiao (a news app), and Xigua Video (a short video app).

ByteDance has faced scrutiny over its ties to the Chinese government, with concerns about data privacy and security. In response, the company has taken steps to distance itself from the Chinese government, including moving its data storage outside of China and hiring local executives in key markets such as the United States.

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