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0.0114822546972861 0.0104384133611693 0.00626304801670151 -0.0208768267223381 -0.0240083507306888 -0.0386221294363256 -0.0177453027139875 -0.0396659707724425
Stock impact report

TikTok recovers from dip in usage that benefited rival apps following U.S. ownership change [TechCrunch]

Similarweb Ltd. Ordinary Shares (SMWB) 
Company Research Source: TechCrunch
The decline, though brief, benefited competing video apps like UpScrolled and Skylight Social , which saw rapid user adoption as some looked for TikTok alternatives. According to estimates from digital market intelligence firm Similarweb , TikTok saw usage dip into the range of 86-88 million daily active users in the U.S. immediately after the ownership change. That compares with a typical average of 92 million daily active users. The app has bounced back to more than 90 million daily active users, indicating that many who left TikTok have since returned. AsTikTok saw a small dip in usage, alternative video-sharing apps, UpScrolled and Skylight Social, began growing quickly. Although only a tiny fraction of TikTok's size, UpScrolled topped 138,500 daily active users at its peak on January 28; it has now dropped back down to 68,000. Meanwhile, Skylight Social hit 81,200 daily active users, according to Similarweb's estimates and has since dropped to 56,300 daily active users. O Show less Read more
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