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TikTok is the
social media site to become
popular. Users upload short videos of
lip-syncing to well-known
, dancing, making faces or doing other funny
. TikTok's owner ByteDance is based in Beijing. It was founded in 2012 by a Chinese
. It now has over 800 million users worldwide. Microsoft is offering ByteDance $50 billion for a
in the company. However the business
Bloomberg disagrees with this
. It said: "The idea that TikTok - without...emerging
- is worth $50 billion today is fanciful.