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TikTok Lives! Inside The Deal Saving A Social Media Giant [VIDEO]

Just days after the US Department Of Commerce announced plans to ban TikTok, the social media app lives on thanks to a potential sale.

TikTok is fully operational in the United States as of today, September 22. The social media app, which was set to be banned last Sunday, was spared its untimely fate thanks to a last-ditch effort from Oracle and Wal-Mart to purchase the company over the weekend. President Trump has approved the sale in principle, but conflicting reports from the companies involved leave many questions unanswered.

According to Variety, virtually every person and every company involved in the acquisition of TikTok disagrees on the terms of this deal. The deal approved by Trump allegedly makes Oracle the cloud provider and host of TikTok. That means the company will move its data stateside, and that U.S. citizens will control the data.

Bytedance, the parent company of TikTok, whose Beijing headquarters are at the center of the platform’s controversy, disagrees.

What isn’t disputed: Oracle plans to take a 12.5% stake, and Walmart will get 7.5% in pre-IPO equity in TikTok Global. The new company will be based in the U.S. and run on the Oracle Cloud platform. ByteDance will continue to maintain control over the A.I. algorithms that power the TikTok app’s video recommendations (and which ByteDance uses for the similar Douyin app, available in China). The deal values TikTok at as much as $60 billion, according to reports by the Wall Street Journal and Bloomberg News.

Trump previously claimed the only adequate deal would be one where a US-controlled TikTok. ByteDance claims it will retain majority control, as it believes the remaining 80% of pre-IPO equity belongs to them, but that might not be true.

To make sense of this, Music Biz News host James Shotwell put together a video explaining how we got here and what may happen next.

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Instagram Reels Is An Underwhelming TikTok Knockoff [Video]

The latest feature from one of the world’s biggest social media platforms is a complete waste of time and design. But it doesn’t have to be that way.

Instagram seized a golden opportunity when it released Reels, its direct competitor to TikTok, in early August. Arriving just as President Trump was unveiling plans to ban TikTok (a decision that may never happen), Reels offers content creators a new place to make and share looping videos set to music or original audio recordings. It’s the latest example in a long line of Insta-updates that borrow proven ideas from other platforms, but unlike Stories and Filters, Reels is DOA.

Reels may have the look and feel of TikTok and a large potential user base, but it suffers from being a small part of a much larger platform. To find Reels, users must first open Instagram, navigate to their explore page, and click on the Reels option at the top of the page. That is two more steps than TikTok, and the problems continue from there.

TikTok users have two feeds of content two choose from; one that they curate themselves through follows, and another that is generated by the platform’s algorithm. Reels only offers one feed, and it combines algorithmic predictions with what users want with the people they follow. You cannot follow someone in Reels alone, so any Reels creators someone follows will have photos and videos from those creators appear in the user’s main Instagram feed.

Then there is an issue with the length of Reels clips. TikTok allows users to make their content up to one-minute long, but Reels limits clips to fifteen seconds. That may be enough time to do a quick dance or lip-sync, but it places a seemingly unnecessary cap on creative expression.

Many of Reels’ most significant flaws stem from a core misunderstanding of why people use Instagram as opposed to TikTok. Instagram is a social network people use to give friends, family, and followers a glimpse into their lives. It is, in many ways, a carefully-curated glimpse into someone’s private life (or the life they want you to believe they lead). TikTok, on the other hand, is made with entertainment in mind. Most users don’t share personal content, just memes. It’s about making people laugh or smile or momentarily forget about whatever is bothering them. As the kids say, “it’s not that deep.”

However, all hope is not lost. Reels could become a go-to platform for creatives, but to do so, Instagram and its parent company, Facebook, need to reconsider their goals. What are you trying to accomplish? Do you want to entertain, and if so, how do you make that clear? Give users the ability to curate a Reels-specific following and make it easier to find the app’s feature. Facebook could even take things one step further and make Reels a standalone app for content creation that allows for cross-posting to Facebook and Instagram.

Instagram has built a large part of its business by stealing ideas that other services made famous. Its popular stories feature, which is the most used part of the app, is a variation of a similar tool that Snapchat brought to the public years prior. Similarly, though with less exciting results, IGTV is a variation of YouTube. These features both had their fair share of growing pains, but the longterm value is worth the effort needed to make them right. Reels could be the next ‘borrowed’ idea that hits big, but it’s not there-at least, not yet.

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