TikTok Ban Backfires: Users Flock to RedNote, What's Next for Reels and Shorts?
Looks like there's no stopping the tiktokban going into effect on Sunday, 1/19.
Experts say this is "great news" for US competitor platforms owned by $Meta Platforms, Inc.(META)$ like instagram and facebook.
Right now, it's backfiring in the form of pissed-off American tiktok_us users piling into RedNote. I'd be surprised if this had any real staying power. More of a novelty right now.
But I suspect that the next stage will be a backfiring against Instagram Reels and $Alphabet(GOOG)$ $Alphabet(GOOGL)$ YouTube Shorts. In what form that backfiring will be, I'm not sure yet.
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