4.5 • 705 Ratings
🗓️ 21 October 2019
⏱️ 10 minutes
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0:00.0 | Welcome to Axis ProRata, where we take just 10 minutes to get you smarter on the collision of tech, business, and politics. |
0:12.8 | Sponsored by Silicon Valley Bank, Ideas Bank here. I'm Danper Mack. On today's show, Facebook Friends, a Democratic presidential candidate, and how e-sports |
0:21.2 | could become part of the Olympics. |
0:23.2 | But first, the future of news is short and funny and often musical. |
0:27.8 | What I'm talking about here is TikTok, the pithy video app that has overtaken America's middle |
0:31.9 | schools and high schools with over 500 million monthly active users. |
0:36.6 | For context, that's hundreds of millions more than Snapchat. |
0:40.1 | And in 2018, TikTok overtook YouTube, Instagram, and Facebook in terms of downloads. |
0:45.9 | Now, TikTok is owned by a Chinese company called Bite Dance, which is now considered to be the |
0:49.8 | world's most valuable startup at $75 billion, which has created all sorts of concern in DC and Silicon |
0:55.8 | Valley that it's vulnerable to censorship or data privacy risks. |
0:59.0 | But that hasn't slowed down its U.S. adoption, including at the Washington Post. |
1:03.7 | Yeah, that Washington Post, which earlier this year began posting videos that thematically |
1:08.4 | look a little bit like the Office TV show, but for an audience |
1:11.1 | that wasn't even born when that show began. |
1:14.0 | Bottom line here is that news organizations are desperate to hook the next generation, and TikTok |
1:18.6 | could be the means to that end, even if it doesn't look anything like traditional journalism. |
1:22.9 | The Washington Post's TikTok feed, for example, had over a billion views since launch. |
1:28.4 | Now, there's no direct way to monetize that yet, but that was also true in the early days of |
1:32.6 | Snapchat and Instagram, and there is just no way that a billion eyeballs won't turn into cash, |
1:37.7 | eventually for someone. In 15 seconds, we'll go deeper with Dave Jorgensen, who runs the |
1:42.1 | Washington Post's TikTok account. But first, this. |
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