To say that ByteDance’s video-sharing app TikTok is taking the world by storm would be an understatement.

Source: DataReportal

In just four short years, TikTok’s popularity has exploded, cementing its status as one of. the fastest-growing social media platforms and apps in the world.

FYI: We are on out TikTok as well… Follow us for fun personal finance content on the app.

According to data firm DataReportal, the social platform is the seventh most used social platform in the world, with 800 million active users worldwide.

That’s more than popular social platforms like Reddit, Snapchat, Pinterest and Twitter.

Not to mention that Douyin, the China version of its app that runs on a separate network to comply with China’s censorship is just behind Reddit, with 400 million active users worldwide.

But, the social media platform’s staggering growth has drawn scrutiny about the social media platform, as many analysts are

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