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TikTok’s CEO Says He Faces Competitors With ‘Bigger Muscles’

Speaking on ‘The David Rubenstein Show,’ Shouzi Chew discussed the social media app’s appeal to young users and taking on Facebook

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Going Public Is Not a Priority for TikTok Now, CEO Says

ByteDance Ltd.’s TikTok has emerged as the top challenger to the social media dominance of Meta Platforms Inc., the parent company of Facebook and Instagram. The secret to TikTok’s success is the content, according to Chief Executive Officer Shouzi Chew.

Most people find TikTok posts more relatable and authentic than what can be found on other social media platforms, he said. “It is not over-polished, it is not glossy,” Chew said in an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations.” “It just feels very real.”