>TikTok's only 'innovation' is paying billions of dollars to teenagers to create meme videos

TikTok has at least done three innovative things. One is the frictionless sign in that doesn't require an account, secondly the well done video editing tools and most importantly abstracting away the social graph.

And on the finance site this doesn't check out either. TikTok is on track to triple revenue this year alone and top creators generally make more money from outside sponsors and deals than from the company itself. Of all the social media site TikTok arguably chips in the least amount of money themselves.