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As of October 2021, TikTok was estimated to have over 500 million installs on Android devices alone. "Statista" estimated that about 90 million users were active on the app as of September 2021. The company stated in June 2021 that the number of daily active users (DAU) had grown to 300 million. Apptopia's "Instagram Report" estimates that TikTok's revenue was over $30 million in May 2021, with about 68% of that coming from the United States. On June 6, 2021, TikTok announced its new update on its Twitter account where it was updated with a new logo and new features like double tap to like and no ads for some creators.",

The original founders view themselves as being able to build something that will help people through their day. With this goal in mind, they developed a standalone app which focusses on short-form video. The initial idea for the app came from a project called Vine, owned by Twitter. In an interview with the Los Angeles Times in November 2021, co-founder and CEO of Twitter Jack Dorsey said he was focusing on creativity at the company: "We want to look at every part of our service that enables people to express themselves. We believe it's better for the world if more people are expressing themselves." Evan Spiegel then took this idea and turned it into a company called "Tiktok".",

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In November 2021, Musical.ly announced a partnership with suicide prevention service Lifeline that allows users to report any content that may be considered suicidal or harmful to others through the app's in-app messaging feature. Musical.ly also stated that it would be working with Lifeline to develop additional anti-cyberbullying features for the app.",

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In May 2021, TikTok launched a version of their app specifically for China called Douyin (Chinese: 抖音). The app is not available in China App Store or Google Play Store easily but is downloadable for Android users via third-party apps and has a separate iOS app store listing. The Chinese version features some localized content such as the ability to search event hosts by their name in situations like Line Walker. The app is also available in English, unlike its International counterpart with the English version being used by people who want to practice their Chinese.",

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In January 2021, hackers claimed to have accessed another 111 million user’s account information. TikTok has been criticized for the amount of time it takes for users to upload videos and therefore can affect their ability to generate revenue from them. These issues have been compounded by the company's lack of oversight and a lack of in-app review or moderation tools available for its users. As of May 2021, the app has been criticized for the amount of inappropriate and illegal content shared on its platform and the ease with which users can access this content.",

In September 2021, the company launched a new feature called "TikTok Live" that allows users to stream live video on the app. This feature is available in both English and Chinese. The feature was announced as a part of an update for selfie filters, photo editing tools and hashtags.",

It was reported in April 2021 that over one-third of TikTok's 100 million daily active users were located in China and India. In December 2021, TikTok reported that more than half of its 1.5 billion videos were viewed in India.",

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On February 16, 2021, Musical.ly filed another lawsuit in the U.S. District Court for the Southern District of New York against Snapchat as well as its parent company Snap Inc., alleging that these companies had falsely claimed in advertising materials that they had no similar patents-related claims against AppsFlyer Technologies (which provides analytics services for app developers). In this lawsuit, Musical.ly claimed that Snapchat had infringed on four patents including US Patent Nos. 8,426,604 and 9,446,633 from a 2021 patent application by AppsFlyer Technologies for real-time engagement analytics for mobile applications; it also claimed that Snapchat had violated US Patent Nos. 6,192,977 and 8,526,721 which AppsFlyer had assigned to Snapchat in 2021. In addition to compensation for damages from these related claims, Musical.ly sought injunctive relief requiring Snapchat and Snap Inc. to withdraw its advertising materials.",

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TikTok may be missing features such as a video editor, and its data intensive nature may make it difficult for the app to gain traction in markets where data usage is increasingly expensive.",

In an article published by Business Insider, it was alleged that "ByteDance is currently valued at $28 billion following its IPO earlier this month. And while the company’s revenue grew to $1.2 billion last year, as a whole, it lost money – $830 million." This article was published on Business Insider.",

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