Revenue Sharing
Let's Know Things
Colin Wright
4.8 • 593 Ratings
🗓️ 4 April 2023
⏱️ 25 minutes
🧾️ Download transcript
Summary
This week we talk about TikTok, Reels, and Shorts.
We also discuss LLMs, ad revenue sharing deals, and automation.
Show notes / transcript: https://letsknowthings.com/episode357
This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit letsknowthings.substack.com/subscribe
Transcript
Click on a timestamp to play from that location
| 0:00.0 | TikTok is an international version of a Chinese app called Doyen, both owned by a Chinese company called ByteDance. |
| 0:21.9 | Both of these apps, which are mostly the same except for some differences in user interface |
| 0:27.2 | and algorithms, and the sort of content that is favored by those algorithms, present a simple |
| 0:33.0 | enough concept. A social network oriented around short-form video content that folks are served up based on what the app's respective algorithms decide will be most interesting to them. |
| 0:44.3 | So this is not an entirely novel concept. |
| 0:46.8 | YouTube has had a similar sort of thing going for decades, and other social networks like Instagram and Twitter have been providing users with an algorithmically |
| 0:54.8 | generated stream of stuff for a long time as well. |
| 0:58.5 | In those cases, primarily photos and text content until recently, but still generally the same |
| 1:03.6 | idea. |
| 1:04.6 | TikTok's seeming secret sauce, though, is that it has a user interface that drops people |
| 1:09.8 | right into the action. |
| 1:11.2 | So rather than having to build up a profile and online presence, |
| 1:15.5 | you can download TikTok and just start watching videos. |
| 1:18.2 | And from that moment, based on how you click and tap and what you watch and for how long, |
| 1:22.9 | you will be served content that should align with your interests, |
| 1:26.2 | at least in the sense that you gravitate |
| 1:28.0 | toward certain types of short-form video content in ways that are legible to this software. |
| 1:34.1 | And those offerings will then become more and more accurate to what you are likely to engage |
| 1:38.5 | with with every new watch. |
| 1:40.4 | And that jump-in ability, plus an algorithm that just seems incredibly good at what it does, has made TikTok in particular a sensation, |
| 1:48.1 | both in the sense that it's become wildly popular in a very short period of time, compared to its competitors, |
| 1:53.5 | achieving 150 million monthly active users and about 400 million downloads of the app in the U.S. in just a few years, which is astounding, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Colin Wright, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Colin Wright and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

