TikTok and the Fall of the Social-Media Giants

TikTok is a good reminder for the generational turnover of social products. While most social networks have not proven to be durable over time (Friendster, MySpace, Orkut, ....) the ones that take over generational shifts or new content types and formats have become massive companies.

the most important new social networks of the last few years have been notable for not really being social networks at all.

I’m referring to the TikTok-ization of user-generated content: the reason why TikTok was such a blindspot for Facebook is that, unlike Snapchat, it doesn’t depend on network effects, but rather abundance.

The second is more media than social. It’s driven by AI-powered and network-driven platforms that allow people to discover creativity, learning, and connection online. TikTok is an early iteration, untethered from a social graph and letting strangers connect across the globe.