Google, Meta and Snap are making notable strides in the realm of short-form video, but TikTok’s widespread impact is still a substantial obstacle.
Look at what happened in the last quarter, for example. YouTube, TikTok, Meta and Snapchat all invested in the format, to capture users, grow watch time and — ultimately — ad dollars.
Even though TikTok doesn’t have to reveal its quarterly earnings as a private company, its dominance is clear. In fact, it’s arguable that the existence of copy cat features elsewhere in the industry, including YouTube Shorts, Instagram Reels and Snapchat Spotlight is a direct result of TikTok’s success.
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