Business Highlights: TikTok Shopping, Rallying Stocks

TikTok, an app best known for dancing videos with 1 billion users worldwide, has also become a shopping phenomenon. National chains, hoping to get TikToks mostly young users into its stores, are setting up TikTok sections, reminiscent of As Seen On TV stores that sold products hawked on infomercials. The hashtag #TikTokMadeMeBuyIt has gotten more than 5 billion views, and the app has made a grabbag of products a surprise hit: leggings, purses, cleaners, even feta cheese. Brands are often caught off guard. TikTok wants a cut of those viral product sales and is gearing up to challenge Facebook as a socialshopping powerhouse.

from Top Business News- News18.com https://ift.tt/3FLuD5t