TikTok

TikTok faces well-funded rivals, regulatory scrutiny in U.S.

As the controversial social media company TikTok faces scrutiny from the U.S. government and possible closure, one of its chief rivals is wasting no time to try and overtake it by raising hundreds of millions of dollars and stealing users FOX Business has learned. 

Facebook planning TikTok competitor 'Instagram Reels'

Instagram Reels, like TikTok, will showcase 15-second-long videos that users can set to music or remixed audio from other users' videos and will provide users with tools allowing them to edit the content.