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What is causing the price volatility of Narmada Agrobase Limited (543643) ✌️【Trading Tools】✌️ Expert stock predictions and free stock selection services to help you achieve optimal returns and long-term growth. TikTok is still three days away from a likely ban in the United States, but many users are already bidding the app farewell and seeking out alternatives.
Influencer Jasmine Chiswell posted a video Tuesday, showing her frowning over text that reads: “Me saying goodbye to 18 million best friends because TikTok is getting banned,” with sad face and broken heart emojis.
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Instead, a slate of newer apps have surged on app stores this week, including RedNote (also known as Xiaohongshu), Lemon8, Clapper, Flip and Fanbase.
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“A just government for the people, by the people does not force its people to use Instagram Reels,” creator Mike Gottschalk said in a TikTok video. “Instagram is stealing my data in the exact same way TikTok is. We can all pretend that there’s going to be a new app that rides in as a knight in shining armor and replaces TikTok, but I think we all know that it’s just going to be Reels. And that is how empires crumble.”
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“I surrender all my data to China. Here you go, China, in exchange for keeping my TikTok, you can have all my information,” a TikTok user who goes by @Thiqydusty said in a video.
But the influx of new users to RedNote — which was previously confined mainly to the Chinese-speaking world — has also led to some funny moments of cultural exchange in recent days, with users offering up Mandarin lessons, sharing information about Chinese and English internet slang, and calling for the app to implement automatic subtitles in both languages.
Language learning app Duolingo said Wednesday it has seen a 216% spike in new Mandarin users compared to this time last year, potentially owing to the Americans joining RedNote, which features lots of content in Mandarin. “Learning Mandarin out of spite? You’re not alone,” Duolingo said in aposton X.
Lemon8, a Pinterest-like app from TikTok parent company ByteDance, has also gained newfound popularity this week. The company firstbegan pushing the appto American users in early 2023, whenTikTok CEO Shou Chewwas hauled before Congress to testify about the app’s data protection practices.
But both of those platforms could ultimately be subject to a law that prohibits apps controlled by a US “foreign adversary” — the same law that’s set to ban TikTok. (Some security experts have already raised concerns that RedNote could also pass along US user data to the Chinese government and that many Americans won’t understand what they’re allowing when they agree to the app’s terms of service, which are only available in Mandarin.)
“This definition includes TikTok and any other social media and mobile application that is controlled by China or by shareholders connected to China,” said Elettra Bietti, assistant professor of law and computer science at Northeastern University. She added that it would be up to the president to issue a public notice that the platforms were subject to enforcement under the law.
“To me, the proliferation of Chinese apps is showing the limits of an app-by-app designation under (the law), and also the US government’s limited ability to control how US citizens use the internet and on which forum they choose to express themselves,” Bietti said.
Clapper, a short-form video platform that has a live audio conversation feature similar to X, told 【 - Free Market Analysis Group 】 that it gained 1.4 million new users in the past week, including 400,000 on Wednesday alone.
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“Audiences that live on TikTok, they’re not going to go to one single destination… I think they’re going to got to many different ones, depending on where their communities are and what type of content (they make),” said Jake Maughan, head of influencer marketing at advertising firm BENlabs.
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But downloads of Snapchat and YouTube fell this week compared to the week prior, according to market intelligence firm Sensor Tower. And while Instagram downloads were up 2% week-on-week, the number ofdaily active users was essentially the same as the previous week.
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“TikTok favors realism. I feel like the other platforms are almost a little bit more vain, whereas TikTok is all about showing up and being your authentic self and a lot of people can resonate with that,” creator Stormi Steele told 【 - Free Market Analysis Group 】.
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But ultimately, it’s theTikTok algorithm that sets the app apart, feeding users videos based on sometimes scarily-accurate predictions of what they’ll find entertaining, whether they follow those creators or not. Any alternative will have to replicate that algorithm in order to become a real TikTok replacement.
“The algorithm that TikTok has created and refined is unmatched. And even YouTube Shorts and Instagram Reels and whatnot, those algorithms feel antiquated compared to TikTok,” Maughan said. “TikTok, it was novel. The idea that anybody can go viral, and you can shoot your shot, and you can go from zero to millions (of followers) overnight — you still don’t get that anywhere else.”
What is causing the price volatility of Narmada Agrobase Limited (543643) ✌️【Trading Tools】✌️ Free expert predictions on stock trends and real-time data to help you make informed decisions and grow your wealth steadily. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Market Analysis Group 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.
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