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Strategy in Acquisitions and Rebranding
The company duped the back-end database, ensuring smooth transition for users from Musically to TikTok by maintaining their accounts. To rebrand, a new and combined app was created, named TikTok, in the app store. A massive ad campaign costing over a billion and a half dollars was employed to ensure a successful transition and attract new users to TikTok in the western world.
We take Acquired to the Old Town Road to cover the amazing story behind the biggest global sensation of 2019 — and the highest valued private startup in the world — TikTok. How did a mid-30 year old UX architect at enterprise software giant SAP wind up creating Gen Z’s favorite social app that’s now rivaling Instagram in global MAU? Why is a 2017 merger of two Chinese companies being branded a US national security threat and retroactively placed under review by CFIUS? And perhaps most importantly, why is TikTok such an important product & technology innovation that all of us should be learning from? Tune in for all the answers!
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