Tiki, a popular short video app, has shut down on June 9, 2023. The app, which was launched in 2018, had over 100 million users worldwide.
In a statement, Tiki’s parent company, DOL Technology, said that the decision to shut down the app was made “after careful consideration.” The company said that it was “unable to continue to operate Tiki in a sustainable way.”
Tiki’s closure comes as the short video market has become increasingly competitive. TikTok, a Chinese-owned app, is the dominant player in the market, with over 1 billion users worldwide. Other popular short video apps include Instagram Reels, YouTube Shorts, and Snapchat Spotlight.
Tiki’s closure is a setback for the short video industry. The app had been praised for its user-friendly interface and its ability to help users discover new content. However, Tiki was unable to compete with TikTok’s massive user base and its aggressive marketing campaigns.
#Tiki #ShortVideoApp #ShutDown
Here is a description of the article:
Tiki, a popular short video app, has shut down on June 9, 2023. The app, which was launched in 2018, had over 100 million users worldwide.
The closure of Tiki comes as the short video market has become increasingly competitive. TikTok, a Chinese-owned app, is the dominant player in the market, with over 1 billion users worldwide. Other popular short video apps include Instagram Reels, YouTube Shorts, and Snapchat Spotlight.
Tiki’s closure is a setback for the short video industry. The app had been praised for its user-friendly interface and its ability to help users discover new content. However, Tiki was unable to compete with TikTok’s massive user base and its aggressive marketing campaigns.
Here are some hashtags that you can use for the article:
#Tiki #ShortVideoApp #ShutDown #TikTok #InstagramReels #YouTubeShorts #SnapchatSpotlight #ShortVideoMarket #Competition #UserBase #MarketingCampaigns
