Snap founder says TikTok could dethrone Instagram

Evan Spiegel knows a thing or two about the social space. For eight years, his startup, Snapchat, has been chasing giants in this space. And now he thinks a new competitor, TikTok, the short-form video app, has the potential to dethrone Instagram as the world’s third-largest social application — if you aren’t including chat platforms like Messenger, WhatsApp, or WeChat. During a fireside chat yesterday, at Digital Life Design (DLD), Spiegel responded to an audience member question about his opinion on TikTok. “I love TikTok; I’m a big fan,” Spiegel said. He then elaborated: “Social media in its original construct…

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