The US Commerce Department has announced that it is rescinding a decision made to place Chinese owned TikTok and WeChat on a list of applications that were prohibited from transactions by US citizens. The ban was issued in September of last year by the Trump administration in a bid to stop any additional downloads of the apps.

Presidential Executive Orders

President Joe Biden recently withdrew a number of executive orders by the previous president that sought to block any new downloads of the apps which are owned by the Chinese company Tencent and ordered the Commerce Department to conduct a review of any security concerns posed by these and other Chinese-made apps. The previous administration had established the so-called 'TikTok ban' in response to concerns about data being gathered on US citizens by China and also sought to ban transactions with other apps, including WeChat, which would have effectively banned their use in the US. WeChat has reportedly been downloaded by more than 19 million users in the US and has become a widely used platform for payments, services and games. Biden's new executive order revokes the bans against WeChat and TikTok as well as against another eight communication and financial software applications.

While Biden's executive order rescinded the bans, it nonetheless directed the Commerce Department to continue monitoring applications like TikTok to determine whether they could impact US national security. It also ordered the department to present recommendations within 120 days that would help to protect US data acquired or made available to companies controlled by other foreign adversaries.

National Security Concerns

TikTok remains one of the world's most popular social media apps and China's foreign ministry welcomed the move as a positive move urging the US to respect the free market and not to use so-called national security concerns to suppress China's tech industry. The effort by the Trump administration to effectively ban various Chinese apps had led to numerous legal challenges which had the effect of heightening tensions between the two countries. Last year a US district court judge granted a temporary injunction to TikTok that blocked the effort to ban downloading the app. At the time Trump had approved a bid by US tech company Oracle (backed by Walmart) to purchase TikTok but the move failed to gain approval from China's regulators. The app is believed to have more than 1 billion users world wide and is particularly popular with younger users.

TikTok, the social media app owned by Chinese company ByteDance, is facing a UK lawsuit that could see it forced to pay damages of billions of pounds if it is successful. The lawsuit, brought by legal firm Scott and Scott and backed by a former British children's commissioner, claims that the company collects a huge range of children's personal information when they use the app. As well as harvesting their pictures and videos, it is claimed the app also collects children's phone numbers, specific location details and biometric data which it then sells to third parties for profit.

British Children Data Harvested

Parents and children are likely to be shocked by the revelations, as well as privacy regulators, since the app is used by a huge number of teenagers. According to the UKs media regulator OfCom, it is estimated that almost 45% of children aged between 8 and 12 use the app which represents about 3.5 million children in the UK alone and is likely to be potentially millions more across Europe as a whole.

The lawsuit claims that children's personal information was harvested without explicit consent being gained (which, in the case of children under the age of 18, would need to come from an adult) and constitutes a serious breach of both UK and EU privacy provisions, according to one of the lawyers acting for the plaintiffs in the case.

TikTok Blocked

This is not the first time that the ByteDance's data protection policies have been challenged and Tiktok sued. In 2019 the US Federal Trade Commission levied a record fine of $5.7 million against the company for similar offences of illegally gathering children's personal information. It has also come under scrutiny in India where it was temporarily banned and finally blocked completely from the country. TikTok is also under investigation by the UK Information Commissioner's Office for whether it complies with the UK's data protection rules and whether it protects children's right to data privacy with a report expected later in the year.

TikTok claims that it is only intended for users over the age of 13 but it is claimed that the app is being used by much younger children since all they need to do is enter an older age as there is no additional checking performed by the app. Lawyers are seeking thousands of pounds of compensation for each child, seeking that the app meet its user age requirements as well as demanding that the company provide full transparency about the data it collects and the purposes it is used for.

Social networking has been made easier with the emergence of various media platforms such as TikTok. TikTok is currently a global app that allows people to record and share short videos about any topic. Just like any other social media platform, TikTok provides a wide range of content and new leads that one can use to advance a career.

Trend on TikTok that Provides Career Advice

TikTok is now accelerating from just fulfilling entertainment needs to providing career guidance and advice. #CareerAdvice is now a growing trend on TikTok. We have various individuals now coming on board to guide young job seekers on navigating their careers and maximizing their potential. Older individuals who wish to advance their careers or pursue new careers now have a home on TikTok.

Different Kinds of Videos you Can Find with A Job and Interview Advice

TikTok is now a popular social media platform that has attracted career coaches to make use of it. There exist various kinds of videos on career advice to choose from. These videos come with different titles that, upon identifying them, one can access job or interview advice. These titles might include making your resume stand out, writing a professional email, a guide on the first job interview, common interview questions, and many other titles.

Companies that are Finding New Workers from TikTok

Companies are now recruiting interns and workers through TikTok. For instance, various clothing brands often partner with TikTok to come up with a challenge where people post videos promoting a certain brand. Individuals with the most viewed videos get hired as brand agents. As individuals share content, Freelance companies can identify content creators on various topics. The creative industry is using TikTok to recruit different creative skills that could be nurtured for economic gains.

Some of the most Popular Channels with Job Advice

TikTok career advice has several popular channels created by career coaches who give job advice through short videos. For example, @j.t.odonell is one of the popular TikTok channels that offer job search tips, resumes, changing your career, among others. @youknowitjulian on TikTok is a channel that provides career development content such as tips on salary negotiation. Besides, @shadezahrai is also a popular channel that provides a guideline on interviews, among other career tips.

Developed and launched in 2016 by ByteDance, TikTok is a social media application that allows users to share short videos. In early 2020, TikTok gained massive popularity across the globe, thanks to the COVID-19 pandemic that triggered the social isolation and lockdown policies. While this application was solely meant for entertainment at first, e-commerce sellers are now taking advantage of it to market their products. With that in mind, here's a look at some of the new TikTok's new features.

TikTok Product Links

This feature allows the seller to add a product link, which enables the users to click and view the products in the online shop. This way, TikTok sellers get to market their products on this platform without necessarily displaying them.

Short Video Displays

Apart from adding a link to your products, TikTok also allows you to display your products in form of short videos. Here, you can demonstrate the actual working of the product and get people interested in purchasing it.

Livestreamed Shopping

This feature allows brands and influencers to host shopping livestreams, enabling viewers to view products and make in-app purchases in real-time. The TV shopping channel feature is suitable for brands and influencers that command a massive fan following.

TikTok's Competitors

Currently, TikTok is competing with numerous other ecommerce platforms such as Shopify, Wix, Square online, BigCommerce, and Squarespace. Despite their different business models, these platforms target virtually the same audience, meaning the competition in this space is cutthroat.

TikTok Partnership With Shopify

In October 2020, TikTok announced a partnership with Shopify that would allow at least 1 million merchants to market and sell their products through video ads. So far, the TikTok for Business feature enables ecommerce entrepreneurs to create and run campaigns on TikTok and engage their online communities. Beyond advertising their offerings on TikTok, merchants can also sell their offerings on the platform, and therefore, earn money on the platform.

For a very long time there has been a bit of a standoff between musicians and their legions of fans who'd like nothing better than to use a bit of their favorite song in their own video productions. Rights have been hard to secure and prohibitively priced to the point where most content creators just don't try obtaining them or go guerrilla and hope they don't get caught for a long time. That logjam seems to finally be breaking loose and the dammed-up river of creative content is about to become a torrent.

TikTok Universal Music Group Agreement

Recently, content platform TikTok has announced an agreement with music rights management behemoth Universal Music Group that permits TikTok users to access all, repeat: all, of UMGs content. This follows on the heels of several other agreements with firms such as Sony and Warner. Unlike notoriously-restrictive YouTube, TikTok has apparently decided to partner up with its content providers rather than rigorously police them for rights violations where everybody ends up the loser.

TikTok Revenue

Musicians can now get an extra stream of revenue for their work. Content providers now have access to high-quality material to enhance the production qualities of their output, and the large corporate entities which stand on both sides of the divide now have a perfect win-win situation for their own bottom lines.

Of course the devil is always in the details, but TikTok's aggressive pursuit of access to what appears to be all music everywhere signals that it wants to be the premier place for content creators worldwide. On the face of it, it seems that creators can now access these rights virtually automatically. How the TikTok Universal full catalog arrangement provides payment with the rights holders is not clear at the moment, but it appears that they are paying for the music rights on behalf of all their users and then getting repaid out of the profits generated from viral content.

The real question now is whether other content platforms will follow TikTok's example or are already doing so. With the near-simultaneous news that UMG has pulled access from TikTok competitor Triller, there is likely to be some significant deal-making action among other industry players in the near future. The possibility of bidding wars heating up cannot be discounted either if this proves to be a highly profitable move by TikTok.

Reddit recently announced its first major acquisition with purchase of Dubsmash, a TikTok-like social media site where users upload short-form videos. While the terms of the deal were not disclosed, Dubsmash recently raised $20.2 million from investors including Heartcore Capital, Lowercase Capital, Sunstone Life and Index Ventures among others.

From what has been publicly revealed about the deal, Dubsmash will continue to operate as a separate platform. The driver for the purchase is to integrate Dubsmash's video creation tools into Reddit which, while it has supported video uploads since 2017, has limited video editing tools with the videos posted on the site often hosted elsewhere.

All About Dubsmash

Dubsmash was launched in 2015 as a video app where users could lip-sync to popular music. It struggled in the first few years of its existence but in 2007 it pivoted to become a full social media platform and moved its operations from Berlin to Brooklyn. Since then it has seen increased popularity and now has the largest share of the US short-form video market aside from the leader TikTok, based on app installs. Reportedly Dubsmash also held talks with Facebook and Snap about a possible acquisition before the Reddit deal was inked.

About Reddit

Reddit was founded in 2005 in San Francisco and bought by Conde Nast the following year. In 2011 it was sold, though the parent company of Conde Nast, Advance Publications, retains a stake. Last year it raised some $300m in funding from range of investors, including Sequoia Capital and Andrew Horowitz, valuing it at over $3 billion. The company has 700 employees compared to Dubsmash's 12.

One of the distinguishing features of Dubsmash is that it has a large user base of Black and Latinx users who are credited as the main reason for the site's success. TikTok's highest profile stars are white and the New York times published an article earlier this year claiming dance moves by Black creators on the site were often appropriated by TikTok users without giving credit to the original creators which meant that they missed out on larger followings and brand deals as a result. Reddit said in a statement that it regarded the purchase of the company as a part of a greater effort on its part to be more inclusive - the company has faced criticism in the past for racism after allowing hate-speech to be hosted on the site.

Although first released in China for the Chinese market in 2016 as Douyin, TikTok quickly became a platform for entertainment around the world. By the end of 2020, it has launched the careers of thousands of personalities, many of whom are using the platform as a means to earn a living. In less than 36 months, TikToks millionaires have made some serious cash and are still doing so. Here are 7 of its top earners.

1. Spencer X

Earnings: $1.2 million
Spencer Polanco Knight, better known as Spencer X, initially promoted his beatboxing skills through YouTube, later combining his YT earnings with sponsorships to become a TikTok millionaire by the age of 28. After dropping out of college, Spencer X started his beatboxing career busking, and was even part of a bluegrass group. His popularity as a beatbox artist grew when he began posting on YouTube and on TikTok in 2019.

2. Michael Le

Earnings: $1.2 million

Michael Le, better known as JustMaiko was one of the pioneer content creators on Tik Tok, back when it was known as Musical.ly. Le is a dancer and choreographer who offers multiple posts on his Tik Tok account daily for his nearly 5 million followers. Other than creating dance and challenge videos, Le also earns through paid partnerships using Instagram and merchandise sales with his Shluv clothing line.

3. Josh Richards

Earnings: $2.5 million

Josh Richards is a Canadian Tik Tok star who is also currently the highest-paid male content creator on the platform. Richards provides content on Tik Tok, YouTube, and Instagram where he posts video clips of his performances. He co-founded Ani Energy and TalentX Entertainment and is the Chief Strategy Officer of Triller. He has accumulated north of 20 million followers on the TikTok application.

4. Loren Gray

Earnings: $4 million

Loren Gray is another Tik Tok pioneer - that is, she was on the platform back when it was known as Musical.ly. She started posting when she was just a 6th grader. These days, Gray is focused on her music career which she began promoting by creating content and building her TikTok followers. By the middle of 2020, she had nearly 50 million followers on the platform.

TikTok is one of the most popular social media platforms out today. From trending dances to sketch comedies, social media influencers are really finding creative ways to make great content, brand themselves, and earn livable salaries. Still, the social media platform has not been without its challenges and controversy.

What Is TikTok and Why Is TikTok US In the Throes of Political Discourse

TikTok, in many ways, is like the popular Vine app we had a few years ago. Like Vine, TikTok is a video social media app where 'real short videos' take center-stage. The short-form video app has been the source of viral dances that have taken pop songs up the Billboard charts, as well as spearheaded viral political activism and satirical content. It is the virality of its content that has added to the app's popularity and rapid rise within the pop culture digital dynamic.

All things considered (including the shareability of its content to just about every other popular social media platform), all is good and well in the world of TikTok. Well, except for its owner, that is. The TikTok app is owned by Chinese company ByteDance. The concern is that user data can be handed over to the Chinese government if so required. The owners of TikTok has pointed to the fact that they are against such practices and would not hand over user data at the request of the Chinese or any other government. Still, the United States (US) government considers the app to be a national security threat and commands that the app owner meet the outlined requirements of risk being banned in the US.

The Ultimatum: The Only Solution the Trump Administration Will Accept

Even with the best efforts of the owners of TikTok to reassure the US government and other critics that the app does not use spy technologies nor is it a threat to national security, the Trump administration has laid down the gauntlet. The ultimatum is simply this, be banned in the US or be owned by a US company with user data being held and controlled on US soil - far from access by foreign governments and espionage. With the option to be US-owned, there is a light at the end of the tunnel.

TikTok has rapidly gained popularity as a social networking app, especially among the young generation. As of 2020, the app has more than 500 million active users and was the most downloaded social media app in January. The number of users keeps rising steadily each day.

Just like in other social media platforms, Influencers are now making brand endorsements and earning good money from TikTok.

How Much Do Influencers Earn?

Generally, influencers earn between 200$ - 20,000$ per post depending on several factors such as product niche, audience country and brand affinity and engagement rate of the post.

Unfortunately, TikTok does not offer native ads options like its competitors. Settling on the advertising rate to pay influencers is, therefore, tricky for brands. It is usually a matter of negotiation with the influencer. Previously, a large following was deemed to translate to higher pay for influencers. However, the focus is now changing.

Brands have come to understand that a large following on social media can be bought. It is, therefore, not a decisive factor in deciding how much to pay influencers. Brands have now established that post social engagement is vital for a successful marketing campaign. These interactions between influencers and followers reveal the number of people interested in the brand or product.

Influencer Engagement and Earnings Calculator

As an influencer, knowing this social engagement rate gives you a clue of your account's value on the market. We understand this concern. Our Influencer Engagement and Earnings calculator will sort you out. It helps you understand your potential value as an influencer by approximating your TikTok's account social engagement rate.

The tiktok money calculator igface uses three factors to determine engagement rate; the number of likes, number of comments, and the number of followers. To decide on your social engagement rate, use the following formula;

(number of likes + number of comments/number of followers) × 100

The higher your engagement rate, the higher the chances of brands considering you for marketing deals.

Influencers must understand that this calculator is only for educational purposes and is in no way a tool by Tik Tok. It is just an opinion based on the popular view.

How to Make Money on TikTok in 2020

What is a TikTok Money Calculator?

So what is a Tik Tok Money Calculator? It is a very helpful tool that helps people understand how much they can earn from doing Tik Toks. It calculates your estimated earnings from your Tik Tok account. It looks at your following and how much views you get and gives you a very good and accurate estimate of what you will earning from that account.

This means if you have a lot of loyal and active followers, you will make a lot of money in this app. A lot of followers leads to a lot of views, and a lot views leads to a lot money coming from all types of sources, for example sponsors. This tik tok calculator is not exact however its estimates are very, I mean very close to the real amount you will earn from Tik tok. It gives you good estimates of your account value.

I put in my very own personal account to test it out because I was skeptical at first. But, when I got my results of my estimate earning and matched it with my actual earning, I was shocked how close it was. I am not messing guys, it just missed out by one digit before the decimal in the estimate. It also tells you your monthly results and gives you a graph to show if your earnings increase or decrease.

What I have noticed also from these beautiful detailed graphs is that if you loose followers or don't have that much of an audience then you get less income from that account. If you have less followers this means you will get less views and less companies will sponsor you and that finally leads to less income. This leads us to our next point.