WEBVTT - Joy and Creativity: Why TikTok's Popularity Exploded During the Pandemic

0:00:08.000 --> 0:00:12.840
<v Speaker 1>Welcome to Strictly Business, Varieties weekly podcast featuring conversations with

0:00:12.920 --> 0:00:16.680
<v Speaker 1>industry leaders about the business of media and entertainment. I'm

0:00:16.720 --> 0:00:20.680
<v Speaker 1>Cynthia Littleton, co editor in chief of Variety Today, my

0:00:20.760 --> 0:00:24.799
<v Speaker 1>guest is Blake Chandley, VP of Global Business Solutions and

0:00:24.920 --> 0:00:27.760
<v Speaker 1>head of Ad Sales for TikTok. TikTok has been at

0:00:27.800 --> 0:00:31.400
<v Speaker 1>the center of the storm around social media. The platform

0:00:31.480 --> 0:00:35.320
<v Speaker 1>has enjoyed meteoric growth over the past year. It's Chinese

0:00:35.360 --> 0:00:38.559
<v Speaker 1>parent company, byte Dance, has also been drawn into the

0:00:38.640 --> 0:00:42.400
<v Speaker 1>geopolitical tensions between the US and China, but the drama

0:00:42.440 --> 0:00:46.200
<v Speaker 1>hasn't dampened the interest of marketers in using the platform

0:00:46.240 --> 0:00:49.760
<v Speaker 1>and it's many tools that are designed, in Chandley's words,

0:00:50.040 --> 0:00:55.080
<v Speaker 1>to inspire creativity and spark joy. In the conversation. Up next,

0:00:55.360 --> 0:01:00.320
<v Speaker 1>the former Facebook executive offers insights into TikTok's rise and

0:01:00.400 --> 0:01:03.720
<v Speaker 1>how the user base and audience has changed during the pandemic.

0:01:14.040 --> 0:01:17.280
<v Speaker 1>Welcome back to Strictly Business. I'm really excited to hear

0:01:17.360 --> 0:01:21.800
<v Speaker 1>from Blake, who is TikTok's VP of Global Business Solutions

0:01:22.200 --> 0:01:24.320
<v Speaker 1>and head of ad Sales for one of the most

0:01:24.480 --> 0:01:28.600
<v Speaker 1>dynamic media platforms that has come along in the in

0:01:28.640 --> 0:01:31.000
<v Speaker 1>the last few years, a time when we have seen

0:01:31.000 --> 0:01:34.440
<v Speaker 1>no shortage of new platforms arriving. But TikTok has made

0:01:34.840 --> 0:01:37.600
<v Speaker 1>quite an impact in a short time, and we're fortunate

0:01:37.640 --> 0:01:40.720
<v Speaker 1>to have Blake to talk to us about the service

0:01:40.760 --> 0:01:44.040
<v Speaker 1>and its evolution. Thank you so much for joining us, Blake. Oh,

0:01:44.400 --> 0:01:48.480
<v Speaker 1>it's more pleasure. Thanks for having me. Well, you are

0:01:48.560 --> 0:01:52.160
<v Speaker 1>coming on just about your one year anniversary with TikTok,

0:01:52.400 --> 0:01:54.960
<v Speaker 1>a company that has been much in the news and

0:01:55.080 --> 0:01:59.280
<v Speaker 1>has made a big impact on pop culture. Can you

0:01:59.720 --> 0:02:03.840
<v Speaker 1>tell us about, you know what, there were so many

0:02:03.880 --> 0:02:09.400
<v Speaker 1>there were so many extraordinary circumstances of circumstances and conditions

0:02:09.440 --> 0:02:12.760
<v Speaker 1>that that certainly made a lot of you know, made

0:02:13.040 --> 0:02:16.560
<v Speaker 1>for ripe conditions for people looking for new kinds of

0:02:16.600 --> 0:02:19.960
<v Speaker 1>short form content and new avenues for creativity, which is

0:02:19.960 --> 0:02:23.840
<v Speaker 1>one of the things that TikTok really has inspired. Can

0:02:23.880 --> 0:02:25.800
<v Speaker 1>you talk us through sort of what were some of

0:02:25.840 --> 0:02:31.440
<v Speaker 1>the accelerants that made such a huge growth here for TikTok. Yeah,

0:02:31.440 --> 0:02:34.440
<v Speaker 1>of course, Well one almost two years now, funny enough,

0:02:34.440 --> 0:02:37.399
<v Speaker 1>and time time flies. I've been with the company um

0:02:37.639 --> 0:02:41.440
<v Speaker 1>and twenty was an interesting year by any measure, as

0:02:41.440 --> 0:02:44.880
<v Speaker 1>you can imagine, um, you know, from our perspective, what

0:02:45.040 --> 0:02:47.200
<v Speaker 1>started out as what we thought would be an amazing

0:02:47.240 --> 0:02:51.200
<v Speaker 1>growth here quickly shifted as COVID came in and people

0:02:51.200 --> 0:02:53.959
<v Speaker 1>started working from home, and then we had Black Lives Matter,

0:02:54.000 --> 0:02:55.880
<v Speaker 1>And there are a number of things that happened through

0:02:55.880 --> 0:02:58.480
<v Speaker 1>the year, but if you look at overall, I think

0:02:58.600 --> 0:03:03.040
<v Speaker 1>one of the things that always surprised us and looking

0:03:03.040 --> 0:03:05.200
<v Speaker 1>back to probably shouldn't come as any surprise given the

0:03:05.240 --> 0:03:09.040
<v Speaker 1>platform is you know, content platform, it's an entertainment platform.

0:03:09.200 --> 0:03:13.880
<v Speaker 1>Is the universal appreciation, universal kind of adoption of the

0:03:13.919 --> 0:03:18.799
<v Speaker 1>platform across all generations. And our mission is to inspire

0:03:18.840 --> 0:03:21.160
<v Speaker 1>creativity and bring joy and I think we did that

0:03:21.600 --> 0:03:23.480
<v Speaker 1>throughout the year in a year where a lot of

0:03:23.480 --> 0:03:25.440
<v Speaker 1>people really appreciated and needing some of that on a

0:03:25.520 --> 0:03:29.000
<v Speaker 1>daily basis. But what really struck me was there was

0:03:29.040 --> 0:03:31.440
<v Speaker 1>a shift us as we saw the year go on

0:03:32.160 --> 0:03:35.760
<v Speaker 1>in two areas. One was around content, right, so diversity

0:03:35.760 --> 0:03:38.840
<v Speaker 1>and content um and then the kinds of creators that

0:03:38.920 --> 0:03:42.560
<v Speaker 1>were creating content the platform, you know, went from you know,

0:03:42.640 --> 0:03:46.680
<v Speaker 1>pretty simple offering to diversity around cooking and d i

0:03:46.880 --> 0:03:50.160
<v Speaker 1>y and education, and we had these amazing creators just

0:03:50.440 --> 0:03:53.920
<v Speaker 1>telling inspiring stories all year long, and that that just continued,

0:03:54.200 --> 0:03:56.560
<v Speaker 1>which then led to the adoption of the platform for

0:03:56.680 --> 0:03:59.920
<v Speaker 1>variety of audiences and so the diversity diversification of our

0:04:00.000 --> 0:04:03.680
<v Speaker 1>audience base. UM went from a relatively younger audience I

0:04:03.920 --> 0:04:08.119
<v Speaker 1>gen z to a an audience has spanned multi generations UM.

0:04:08.160 --> 0:04:10.400
<v Speaker 1>And I think it's all based around storytelling. And I

0:04:11.360 --> 0:04:13.440
<v Speaker 1>was thinking the other day, is we all kind of

0:04:13.720 --> 0:04:16.240
<v Speaker 1>have our own thoughts going into a new year that

0:04:16.360 --> 0:04:19.120
<v Speaker 1>I remember days when we sit around television as a

0:04:19.160 --> 0:04:22.240
<v Speaker 1>family and watch TV, right, and and that was you know,

0:04:22.520 --> 0:04:24.880
<v Speaker 1>going back aways, and it was linear TV, and that's

0:04:24.880 --> 0:04:27.280
<v Speaker 1>just what we did, right, UM on a Sunday night

0:04:27.360 --> 0:04:29.360
<v Speaker 1>or dus And night, or whenever we have our favorite

0:04:29.360 --> 0:04:31.440
<v Speaker 1>TV show and we'd all sit around his family and

0:04:31.640 --> 0:04:35.000
<v Speaker 1>we just don't do that anymore. Screens have really fragmented

0:04:35.040 --> 0:04:37.640
<v Speaker 1>that experience. And so you know, my kids have their

0:04:37.680 --> 0:04:39.359
<v Speaker 1>screens and we have all my wife and I have

0:04:39.400 --> 0:04:43.240
<v Speaker 1>our screens, and most of the time they don't connect. Right.

0:04:43.880 --> 0:04:45.680
<v Speaker 1>What we saw a lot of this year, and then

0:04:45.720 --> 0:04:49.800
<v Speaker 1>looking back, it is a phenomenon, was this connection of generations, right,

0:04:49.839 --> 0:04:53.360
<v Speaker 1>and so people were treating TikTok's and younger generations were

0:04:53.360 --> 0:04:56.600
<v Speaker 1>introducing their parents and grandparents the platform, and so there

0:04:56.680 --> 0:04:59.680
<v Speaker 1>was this this unity again around a family, around this

0:05:00.160 --> 0:05:03.800
<v Speaker 1>content that just didn't exist before. And so I kind

0:05:03.800 --> 0:05:06.280
<v Speaker 1>of feel like there's this interesting movement to stake a

0:05:06.320 --> 0:05:09.080
<v Speaker 1>place around You're connecting that family again, which you know,

0:05:09.160 --> 0:05:11.919
<v Speaker 1>we we we we feel really strongly is part of

0:05:11.920 --> 0:05:15.240
<v Speaker 1>our mission to really you know, to really aspire creativity

0:05:15.240 --> 0:05:18.560
<v Speaker 1>and bring joy across all different people. It's a different

0:05:18.640 --> 0:05:23.040
<v Speaker 1>form of family friendly entertainment on TikTok for sure, much

0:05:23.080 --> 0:05:25.839
<v Speaker 1>of it. What was it that and I'm sure that

0:05:25.880 --> 0:05:29.040
<v Speaker 1>diversification of audience must have been music to your ears,

0:05:29.320 --> 0:05:33.039
<v Speaker 1>being you know, in in charge of selling advertising on

0:05:33.080 --> 0:05:38.560
<v Speaker 1>the platform. What was it though that in in your experience,

0:05:38.600 --> 0:05:43.440
<v Speaker 1>what was it that drove the initial adoption? What was

0:05:43.520 --> 0:05:47.320
<v Speaker 1>the I think that I brought people to the platform. Yeah,

0:05:47.360 --> 0:05:49.000
<v Speaker 1>it's a great it's a great question. I think that

0:05:49.040 --> 0:05:52.240
<v Speaker 1>a lot of people you associate associate us with being

0:05:52.279 --> 0:05:57.320
<v Speaker 1>a social platform, right, and there's this automatic direct association

0:05:57.400 --> 0:05:59.920
<v Speaker 1>with some other players in the space of which role

0:06:00.200 --> 0:06:02.599
<v Speaker 1>intimately familiar. I mean, I think the big difference is

0:06:02.600 --> 0:06:05.279
<v Speaker 1>we're not like we're we're we're interest based for content

0:06:05.360 --> 0:06:08.120
<v Speaker 1>platform UM. And so the ability to people to find

0:06:08.120 --> 0:06:11.159
<v Speaker 1>content that's relevant and interesting in them is really what

0:06:11.480 --> 0:06:13.520
<v Speaker 1>you know, really really what the four you Feed does,

0:06:13.960 --> 0:06:16.080
<v Speaker 1>and that's very, very different than the experience people are

0:06:16.120 --> 0:06:18.640
<v Speaker 1>gonna find anywhere else where. It's reliant to on a

0:06:18.680 --> 0:06:21.000
<v Speaker 1>connection to friends and family and so on and so forth.

0:06:21.000 --> 0:06:23.640
<v Speaker 1>And this is really, in my view, the next generation

0:06:23.720 --> 0:06:27.039
<v Speaker 1>of television, right. And it's it's it's short form, it's

0:06:27.040 --> 0:06:29.800
<v Speaker 1>easy digest it doesn't require a huge commitment in terms

0:06:29.839 --> 0:06:33.200
<v Speaker 1>of time, although people do find themselves once they start

0:06:33.320 --> 0:06:36.000
<v Speaker 1>kind of getting sucked into the TikTok like uh, you know,

0:06:36.080 --> 0:06:39.160
<v Speaker 1>vortex and spending a lot of time. UM. But it's

0:06:39.440 --> 0:06:43.080
<v Speaker 1>easily digestible, it's interesting, and it's all designed specifically for

0:06:43.160 --> 0:06:45.560
<v Speaker 1>you based on your interests UM. And that's how the

0:06:45.640 --> 0:06:52.359
<v Speaker 1>four you Feed really has generated a lot of positivity. UM.

0:06:52.400 --> 0:06:56.520
<v Speaker 1>Of course, TikTok has been in the headlines, you know, again,

0:06:56.920 --> 0:07:01.120
<v Speaker 1>coming off of a pretty incredible year for the for culture,

0:07:01.240 --> 0:07:05.039
<v Speaker 1>for politics, for certainly for public health. UM. You know,

0:07:05.120 --> 0:07:07.919
<v Speaker 1>TikTok and the parent company, bike Dance have been in

0:07:08.000 --> 0:07:11.560
<v Speaker 1>the headlines. There has been there's been a lot of

0:07:11.840 --> 0:07:14.840
<v Speaker 1>strife at the at the political level in the US

0:07:14.960 --> 0:07:19.640
<v Speaker 1>about about the Chinese ownership of bike Dance and how

0:07:20.240 --> 0:07:23.080
<v Speaker 1>how that you know, may or may not be figuring

0:07:23.120 --> 0:07:28.000
<v Speaker 1>into larger kind of geopolitical and business considerations. I realized

0:07:28.040 --> 0:07:30.280
<v Speaker 1>that all of that is going on, you know, at

0:07:30.480 --> 0:07:33.640
<v Speaker 1>a step above the area that you oversee. But can

0:07:33.720 --> 0:07:37.560
<v Speaker 1>you talk about how that the impact of the political

0:07:37.680 --> 0:07:41.000
<v Speaker 1>drama and the uncertainty about whether the company had to

0:07:41.040 --> 0:07:43.560
<v Speaker 1>be sold to continue to operate in the US or

0:07:44.040 --> 0:07:47.240
<v Speaker 1>how did how did that impact your growth? Obviously TikTok

0:07:47.320 --> 0:07:51.440
<v Speaker 1>is growing apace, but was that was that difficult? Did

0:07:51.440 --> 0:07:54.280
<v Speaker 1>that impede growth at all? And was at a difficult

0:07:54.320 --> 0:07:56.920
<v Speaker 1>conversation for you with the marketers that you are selling

0:07:56.920 --> 0:08:00.200
<v Speaker 1>the service to. Ye, It's an appropriate question, and it's

0:08:00.240 --> 0:08:02.720
<v Speaker 1>something that's you know, it's not something else spent a

0:08:02.720 --> 0:08:04.360
<v Speaker 1>lot of time to go too deep in because we're

0:08:04.440 --> 0:08:07.360
<v Speaker 1>you know, still currently in discussions you know, with the

0:08:07.360 --> 0:08:10.080
<v Speaker 1>governments and the regulatory body about you know, about some

0:08:10.160 --> 0:08:12.520
<v Speaker 1>of that. But listen, we we've been pretty clear that

0:08:12.880 --> 0:08:14.640
<v Speaker 1>one there's been a lot of media coverage on it,

0:08:14.880 --> 0:08:17.280
<v Speaker 1>right and uh, you couldn't escape it. It's it's it's

0:08:17.320 --> 0:08:19.080
<v Speaker 1>dropped off a little bit in some of the current

0:08:19.400 --> 0:08:23.440
<v Speaker 1>UM media considerations. But one we've been pretty clear that

0:08:23.480 --> 0:08:26.160
<v Speaker 1>we we just disagree with some of the fundamental premises

0:08:26.240 --> 0:08:29.040
<v Speaker 1>that the government put forward UM in terms of security

0:08:29.040 --> 0:08:32.160
<v Speaker 1>of data, access of data. You know, we're TikTok does

0:08:32.160 --> 0:08:35.600
<v Speaker 1>not exist in China. Are data don sit in China,

0:08:35.640 --> 0:08:37.880
<v Speaker 1>It's it's u S data sits in the US. It

0:08:37.960 --> 0:08:40.319
<v Speaker 1>was somewhere doundancy in Singapore. So, like you know, we're

0:08:40.400 --> 0:08:43.560
<v Speaker 1>very comfortable with with the with the precautions and the

0:08:43.600 --> 0:08:46.120
<v Speaker 1>things that we've done as a company UM, but we've

0:08:46.160 --> 0:08:48.000
<v Speaker 1>agreed we disagree with the government on that one in

0:08:48.040 --> 0:08:49.920
<v Speaker 1>many cases, but we continue to work with them like

0:08:49.960 --> 0:08:52.640
<v Speaker 1>we have we have ongoing almost daily dialogue with the

0:08:52.640 --> 0:08:55.199
<v Speaker 1>governments around how do we resolve this because at the

0:08:55.280 --> 0:08:57.280
<v Speaker 1>end of the day, we want to protect our users

0:08:57.320 --> 0:08:59.439
<v Speaker 1>and we want to you know, that's a huge game

0:08:59.480 --> 0:09:02.120
<v Speaker 1>and we have u is protecting our user base and

0:09:02.120 --> 0:09:04.560
<v Speaker 1>it's a number one priority as a company. And so

0:09:04.640 --> 0:09:07.120
<v Speaker 1>anything we do to empower our our audience or a

0:09:07.160 --> 0:09:10.439
<v Speaker 1>hundred million plus users in the US, UM protect them,

0:09:10.480 --> 0:09:13.120
<v Speaker 1>empower them. It's it's really we feel an obligation to

0:09:13.160 --> 0:09:15.800
<v Speaker 1>protect them in that sid and so you know that

0:09:15.880 --> 0:09:18.120
<v Speaker 1>comes with it. You know a lot of different discussions

0:09:18.120 --> 0:09:20.360
<v Speaker 1>we need to have and and to get people comfortable

0:09:20.360 --> 0:09:23.760
<v Speaker 1>with that. But we're ongoing negotiations, discussions with the objective

0:09:23.800 --> 0:09:27.400
<v Speaker 1>of having an outcome that's positive for our users. Do

0:09:27.480 --> 0:09:30.720
<v Speaker 1>you have a sense that the the administration changed, the

0:09:30.760 --> 0:09:35.079
<v Speaker 1>incoming by an administration might have a different view. I

0:09:35.600 --> 0:09:37.280
<v Speaker 1>can't really speak to that right now. I know there's

0:09:37.280 --> 0:09:39.920
<v Speaker 1>a lot of discussions taking places. You can imagine there's

0:09:39.920 --> 0:09:44.520
<v Speaker 1>a lot of um dialogue across the aisle everywhere. But

0:09:44.760 --> 0:09:46.560
<v Speaker 1>right now, I think I'll just let that be and

0:09:46.640 --> 0:09:48.520
<v Speaker 1>we'll see where things fall over the next few weeks.

0:09:49.600 --> 0:09:52.120
<v Speaker 1>Was it at all? Has it again at the sort

0:09:52.160 --> 0:09:55.760
<v Speaker 1>of Washington drama? Has it hasn't been a damper at all?

0:09:56.040 --> 0:09:58.800
<v Speaker 1>Four marketers? I mean, it seems like the TikTok story

0:09:59.040 --> 0:10:02.720
<v Speaker 1>for the the TikTok itself has been nothing but growth.

0:10:02.800 --> 0:10:05.839
<v Speaker 1>And I'm guessing that that's that that is what what

0:10:05.880 --> 0:10:07.800
<v Speaker 1>people want to hear at a time when it's you know,

0:10:07.840 --> 0:10:11.600
<v Speaker 1>it's reaching audiences is harder than ever. Yeah, we've been

0:10:11.679 --> 0:10:15.040
<v Speaker 1>really really surprised surprise of the support I mean the community,

0:10:15.080 --> 0:10:18.720
<v Speaker 1>the advertising community in general, whether the advertisers agencies have

0:10:18.880 --> 0:10:21.760
<v Speaker 1>really supported us through this whole process. And we've had

0:10:22.000 --> 0:10:26.240
<v Speaker 1>obviously discussions and dialogue around it, UM and but but

0:10:26.320 --> 0:10:30.960
<v Speaker 1>the universal support received has been UM really really positive.

0:10:31.280 --> 0:10:33.040
<v Speaker 1>We spend a lot more of our time talking around

0:10:33.040 --> 0:10:36.320
<v Speaker 1>brand safety and community safety and what we're doing not

0:10:36.360 --> 0:10:38.360
<v Speaker 1>only is an individual company, but as an industry to

0:10:38.440 --> 0:10:42.000
<v Speaker 1>protect users. Then we have around some of the political

0:10:42.080 --> 0:10:45.079
<v Speaker 1>dynamics that are taking place, and so the vast majority

0:10:45.120 --> 0:10:48.280
<v Speaker 1>of our time has spent talking around those subject matters.

0:10:49.480 --> 0:10:51.520
<v Speaker 1>You do a lot of obviously a lot of creative

0:10:51.600 --> 0:10:54.920
<v Speaker 1>things with marketers and sponsorship. How can you talk in

0:10:54.960 --> 0:10:58.600
<v Speaker 1>general about kind of how your your typical how a

0:10:58.679 --> 0:11:02.680
<v Speaker 1>typical market deal with tiptop TikTok works? Is it? Is

0:11:02.679 --> 0:11:06.040
<v Speaker 1>it CPM based, is it time? How do you how

0:11:06.080 --> 0:11:09.040
<v Speaker 1>do you? I said, if you start the highest level,

0:11:09.120 --> 0:11:11.720
<v Speaker 1>it's it's a fundamental change, right, we're being a little

0:11:11.760 --> 0:11:14.200
<v Speaker 1>bit I think we'll be a little bit disruptive in

0:11:14.200 --> 0:11:18.080
<v Speaker 1>that sense. UM. Digital marketing has gotten very much around

0:11:18.200 --> 0:11:22.520
<v Speaker 1>programmatic and it's you know, it's very tech driven. UM,

0:11:22.559 --> 0:11:25.520
<v Speaker 1>it's we've lost the art of storytelling and I think

0:11:25.559 --> 0:11:28.440
<v Speaker 1>that's something that we identified very early on the brands

0:11:28.440 --> 0:11:31.800
<v Speaker 1>one more of and given the inspirational environment and the

0:11:31.840 --> 0:11:34.240
<v Speaker 1>storytelling takes place every day with our users and our

0:11:34.240 --> 0:11:37.520
<v Speaker 1>comedy in general, what brands want to do is find

0:11:37.520 --> 0:11:39.760
<v Speaker 1>a voice in that right. And so the conversations we

0:11:39.800 --> 0:11:42.320
<v Speaker 1>have a brand's first and foremost is around what did

0:11:42.360 --> 0:11:45.760
<v Speaker 1>their voice look like? An environment around authenticity, right, how

0:11:45.760 --> 0:11:48.280
<v Speaker 1>do they storytell? How do they how are they quote

0:11:48.360 --> 0:11:51.120
<v Speaker 1>less than perfect? Because at the end of the day,

0:11:51.360 --> 0:11:53.920
<v Speaker 1>you know the concept of going and creating a million

0:11:53.960 --> 0:11:57.439
<v Speaker 1>dollar mini film and then put it onto all these

0:11:57.440 --> 0:12:00.200
<v Speaker 1>different platforms, it doesn't resonate as well in the put more.

0:12:00.200 --> 0:12:03.080
<v Speaker 1>People want to see authenticity. Um, you know, they want

0:12:03.120 --> 0:12:05.120
<v Speaker 1>they want brands come in and be involved. They want

0:12:05.120 --> 0:12:08.040
<v Speaker 1>brands to invite them to be involved. And so the

0:12:08.120 --> 0:12:11.160
<v Speaker 1>conversation first and foremost is around creativity and the role

0:12:11.240 --> 0:12:14.040
<v Speaker 1>the brands play the platform and the roles the brands

0:12:14.040 --> 0:12:17.440
<v Speaker 1>play a really really important role. Um. We do not

0:12:17.559 --> 0:12:20.800
<v Speaker 1>want brands to be perceived as kind of advertising. I

0:12:20.800 --> 0:12:22.440
<v Speaker 1>mean I have to watch it in order to have

0:12:22.520 --> 0:12:25.160
<v Speaker 1>access to this free content. We want users look at

0:12:25.160 --> 0:12:28.080
<v Speaker 1>the branding content and say, wow, that was cool, I

0:12:28.120 --> 0:12:30.840
<v Speaker 1>want to watch it again, right, And so we see

0:12:30.840 --> 0:12:32.600
<v Speaker 1>that kind of path, we see that kind of passion

0:12:32.640 --> 0:12:34.199
<v Speaker 1>of brands to do it right. And there are a

0:12:34.320 --> 0:12:37.800
<v Speaker 1>number of brands that have UM. All year long, we

0:12:37.840 --> 0:12:41.920
<v Speaker 1>saw amazing executions from brands that really inspired people and

0:12:42.080 --> 0:12:45.400
<v Speaker 1>drew them in and and ask people to participate. And

0:12:45.440 --> 0:12:48.240
<v Speaker 1>so that's the first and foremost the conversations we have

0:12:48.280 --> 0:12:50.280
<v Speaker 1>with brands. And then the next question is how do

0:12:50.280 --> 0:12:52.160
<v Speaker 1>we amplify that and how do we you know, kind

0:12:52.160 --> 0:12:54.360
<v Speaker 1>of invest behind that to make sure we get the

0:12:54.400 --> 0:12:57.360
<v Speaker 1>right reach and frequency and the right kpi s or

0:12:57.400 --> 0:13:00.160
<v Speaker 1>measurement that that that they need in order to you

0:13:00.160 --> 0:13:06.080
<v Speaker 1>to invests. But would you say that marketers come to

0:13:06.160 --> 0:13:09.480
<v Speaker 1>you do they Are they generally looking kind of in

0:13:09.520 --> 0:13:15.320
<v Speaker 1>the age demographic based buying or are they looking for

0:13:15.559 --> 0:13:18.240
<v Speaker 1>we want to be in your anything that involves cooking

0:13:18.400 --> 0:13:21.840
<v Speaker 1>or anything that involves skateboarding or something like by topic

0:13:22.200 --> 0:13:24.760
<v Speaker 1>and more or is it a mix of both. It's

0:13:24.800 --> 0:13:26.760
<v Speaker 1>mixed both, Like you have people that you know, certainly

0:13:26.800 --> 0:13:29.280
<v Speaker 1>there are certain audiences the brands are targeting based on

0:13:29.920 --> 0:13:33.840
<v Speaker 1>their brand right UM, and so they're super there's typically

0:13:33.840 --> 0:13:38.719
<v Speaker 1>some demographic considerations as well as contextual um and so

0:13:38.960 --> 0:13:44.280
<v Speaker 1>we work with brands on both those parts. We'll take

0:13:44.320 --> 0:13:47.680
<v Speaker 1>a quick break before hearing more from Blake Chandley about

0:13:47.720 --> 0:13:56.240
<v Speaker 1>TikTok Ad campaigns that move the needle this year. Welcome

0:13:56.240 --> 0:13:59.960
<v Speaker 1>back to strictly Business. Here's more with TikTok Ad sales

0:14:00.080 --> 0:14:03.800
<v Speaker 1>chief Blake Channelly. You give us a for instance of

0:14:04.080 --> 0:14:07.000
<v Speaker 1>a of an execution or two that you think really

0:14:07.440 --> 0:14:11.679
<v Speaker 1>harnessed the capabilities that TikTok brings, the unique capabilities of

0:14:11.679 --> 0:14:16.960
<v Speaker 1>TikTok Um. Yeah, I think that, I think that, I

0:14:16.960 --> 0:14:18.840
<v Speaker 1>think I think there were two that they come up

0:14:18.880 --> 0:14:20.520
<v Speaker 1>and I look at I look at it almost in

0:14:20.560 --> 0:14:22.560
<v Speaker 1>two seconds. They are the big brands, the ones we

0:14:22.600 --> 0:14:25.640
<v Speaker 1>all know, these national brands that are amazing marketers that

0:14:25.720 --> 0:14:29.000
<v Speaker 1>we have our smaller SMB community which is actually doing

0:14:29.040 --> 0:14:34.200
<v Speaker 1>some really in traditional stuff as well. Um the there

0:14:34.240 --> 0:14:36.120
<v Speaker 1>was one there was one campaign by under Armour that

0:14:36.240 --> 0:14:39.680
<v Speaker 1>was done this kind of the holiday period which was

0:14:39.960 --> 0:14:42.800
<v Speaker 1>show up and show off, which we had. They retained

0:14:42.840 --> 0:14:44.800
<v Speaker 1>a number of our creators and that was another. That's

0:14:44.880 --> 0:14:47.240
<v Speaker 1>our core premacy work with brands, lars connecting with the

0:14:47.320 --> 0:14:51.760
<v Speaker 1>creators or some people call them influencers, but um to

0:14:51.800 --> 0:14:53.480
<v Speaker 1>help them tell their story and bring their story in

0:14:53.520 --> 0:14:55.840
<v Speaker 1>life from the platform. And so they retained a number

0:14:55.840 --> 0:14:58.960
<v Speaker 1>of their athletes to commit and do some interesting things

0:14:59.000 --> 0:15:02.120
<v Speaker 1>with some music in the BA around that were there

0:15:02.160 --> 0:15:04.600
<v Speaker 1>were there were great right, whether it be basketball related

0:15:04.680 --> 0:15:06.680
<v Speaker 1>or whatever it might be. And then they basically put

0:15:06.680 --> 0:15:08.440
<v Speaker 1>that out there to our community and said, you know,

0:15:09.080 --> 0:15:11.360
<v Speaker 1>show up and show off, and it was around skills,

0:15:11.400 --> 0:15:13.480
<v Speaker 1>around different things. And then they allowed the community to

0:15:13.560 --> 0:15:15.960
<v Speaker 1>take that and to make it their own right. And

0:15:16.000 --> 0:15:18.240
<v Speaker 1>so it could have been in the basketball space. It

0:15:18.240 --> 0:15:20.920
<v Speaker 1>could have been someone either on a basketball's court doing

0:15:20.960 --> 0:15:23.600
<v Speaker 1>something amazing with a trick shot or a donk or

0:15:23.640 --> 0:15:25.760
<v Speaker 1>whatever it might be. Or there were camping. There was

0:15:25.800 --> 0:15:29.080
<v Speaker 1>some creative with someone in a supermarket grabbing you know,

0:15:29.080 --> 0:15:32.160
<v Speaker 1>paper towels off the top shelf. Given all their shows empty,

0:15:32.320 --> 0:15:34.840
<v Speaker 1>and that was their version of showing off, right, And

0:15:34.880 --> 0:15:37.240
<v Speaker 1>so have you generated? I think there are one point

0:15:37.280 --> 0:15:39.760
<v Speaker 1>four billion pieces of created at one point four million

0:15:39.760 --> 0:15:42.920
<v Speaker 1>pieces of creative that were that were developed by our

0:15:43.000 --> 0:15:45.760
<v Speaker 1>user base in conjunction of the campaign and had eight

0:15:45.760 --> 0:15:47.760
<v Speaker 1>billion views. I mean, that was one that was great,

0:15:48.000 --> 0:15:49.960
<v Speaker 1>But another one which I thought was really amazing and

0:15:50.000 --> 0:15:52.880
<v Speaker 1>it goes to storytelling. Was Cheerios. Um, I don't know

0:15:52.920 --> 0:15:55.000
<v Speaker 1>if you're you saw this, but you know, Cheerios had

0:15:55.000 --> 0:15:59.760
<v Speaker 1>an amazing commercial back in the nineties which was a

0:15:59.800 --> 0:16:02.440
<v Speaker 1>great mother with a baby with cheerios on the on

0:16:02.520 --> 0:16:04.640
<v Speaker 1>the on the top and then you know, normally you'd

0:16:04.640 --> 0:16:07.120
<v Speaker 1>be feeding cheerials to the baby and this time the

0:16:07.200 --> 0:16:09.680
<v Speaker 1>grandmother was Christmas time, saying, here's where you live, and

0:16:09.680 --> 0:16:11.960
<v Speaker 1>the baby wants the cheerios and she holds it up

0:16:11.960 --> 0:16:13.560
<v Speaker 1>and the baby's like, I'm gonna eat it, and then

0:16:13.800 --> 0:16:16.440
<v Speaker 1>they she puts it down because here's your uncle John lives.

0:16:16.440 --> 0:16:19.400
<v Speaker 1>Here's where I live, and unfortunately we all camp be together,

0:16:19.480 --> 0:16:21.200
<v Speaker 1>but I'm glad that I'm here with you. And she

0:16:21.240 --> 0:16:24.119
<v Speaker 1>puts two curios together and it was just a very emotional,

0:16:24.440 --> 0:16:27.120
<v Speaker 1>you know, and you know General Mills and Turials, you know,

0:16:27.480 --> 0:16:31.080
<v Speaker 1>no family and Christmas and holidays now and so that

0:16:31.200 --> 0:16:33.720
<v Speaker 1>was that was done years and years ago television campaign

0:16:34.080 --> 0:16:36.560
<v Speaker 1>while there was a creator on the platform that basically

0:16:36.680 --> 0:16:39.760
<v Speaker 1>came up with an idea that said, you know, General Mills,

0:16:39.960 --> 0:16:43.440
<v Speaker 1>please please please recreate this today, but use zoom and

0:16:43.560 --> 0:16:46.120
<v Speaker 1>usually and so and literally the brand and she tagged

0:16:46.120 --> 0:16:48.080
<v Speaker 1>General mills in and literally the brand brought it back

0:16:48.080 --> 0:16:51.360
<v Speaker 1>to life, and they did an incarnation of two thousand

0:16:51.440 --> 0:16:54.720
<v Speaker 1>twenty right, which had the same grandmother and the same

0:16:54.920 --> 0:16:57.920
<v Speaker 1>child baby which was now grown up, and they're connecting

0:16:57.960 --> 0:17:00.200
<v Speaker 1>on zoom and they had the whole behind the scenes thing,

0:17:00.240 --> 0:17:03.000
<v Speaker 1>but it was very much still this emotional connection for

0:17:03.040 --> 0:17:06.480
<v Speaker 1>the brand to the holiday season. And so like again

0:17:06.520 --> 0:17:09.240
<v Speaker 1>that storytelling can't take place anywhere else, it has to

0:17:09.240 --> 0:17:12.399
<v Speaker 1>take place in a place like this and uh, and

0:17:12.400 --> 0:17:14.320
<v Speaker 1>this is one of those kind of tear jerker moments.

0:17:14.520 --> 0:17:17.520
<v Speaker 1>You go, Okay, that was just an amazing piece of content.

0:17:17.960 --> 0:17:19.560
<v Speaker 1>Forget the fact that it brought to us by it

0:17:19.640 --> 0:17:22.040
<v Speaker 1>by brand. So those are two games. And then on

0:17:22.119 --> 0:17:25.159
<v Speaker 1>small business, there was there's an amazing campaign that was

0:17:25.200 --> 0:17:27.639
<v Speaker 1>done through the through the holiday of the shopping season

0:17:28.080 --> 0:17:30.680
<v Speaker 1>by a small business called Two Blind Brothers, and he

0:17:30.800 --> 0:17:33.760
<v Speaker 1>got some national coverage. But there are these two Blind

0:17:33.800 --> 0:17:39.040
<v Speaker 1>Brothers um Bradford Bryant who had this concept, you know,

0:17:39.080 --> 0:17:41.560
<v Speaker 1>called shop blind and what they essentially did was a

0:17:41.680 --> 0:17:43.920
<v Speaker 1>challenge is said to people in their whole lives they've

0:17:43.920 --> 0:17:46.080
<v Speaker 1>had to rely on others to shop for them or

0:17:46.280 --> 0:17:48.959
<v Speaker 1>read menus or whatever it might be. And they started

0:17:49.000 --> 0:17:52.600
<v Speaker 1>campaigns the Shop Blind meaning come come to our website. Um,

0:17:53.080 --> 0:17:55.320
<v Speaker 1>you know, basically, give us a price point and we're

0:17:55.320 --> 0:17:58.440
<v Speaker 1>gonna send youselfing. You don't know what it is, right,

0:17:58.960 --> 0:18:02.360
<v Speaker 1>um and and and and and all Pro Hunter proceeds

0:18:02.359 --> 0:18:05.960
<v Speaker 1>were going towards you know, retinal retinal research to help

0:18:06.040 --> 0:18:08.919
<v Speaker 1>cure certain forms of blindness little people are affected by.

0:18:09.160 --> 0:18:13.280
<v Speaker 1>And the idea of going to saying, you know, basically

0:18:13.280 --> 0:18:15.919
<v Speaker 1>saying here's my price point and then stepping back was

0:18:16.200 --> 0:18:19.080
<v Speaker 1>kind of scary, but like tens and tens and tens

0:18:19.080 --> 0:18:22.520
<v Speaker 1>of thousands of people went and shop blind, right, and

0:18:22.680 --> 0:18:25.479
<v Speaker 1>it just it became kind of a universal viral, had

0:18:25.560 --> 0:18:28.280
<v Speaker 1>a viral component to it, which was good for you moment,

0:18:28.400 --> 0:18:30.480
<v Speaker 1>which of course, you know, giving to any kind of

0:18:30.520 --> 0:18:33.080
<v Speaker 1>mount for profit is, but also a brand and a

0:18:33.119 --> 0:18:35.600
<v Speaker 1>product and shopping and e commerce and it all tied

0:18:35.600 --> 0:18:38.000
<v Speaker 1>it together in a really kind of magical way. So

0:18:38.280 --> 0:18:40.120
<v Speaker 1>those are the kind of things that we love seeing

0:18:40.160 --> 0:18:43.280
<v Speaker 1>on the platform m M. And for you know, the

0:18:43.320 --> 0:18:47.080
<v Speaker 1>more you grow, the more opportunities you the more opportunities

0:18:47.160 --> 0:18:48.840
<v Speaker 1>you have. And as you say, these are these are

0:18:48.880 --> 0:18:54.159
<v Speaker 1>fairly unique opportunities, particularly for marketers. The downside, of course,

0:18:54.280 --> 0:18:57.600
<v Speaker 1>of user generated content and having an open platform like that,

0:18:58.000 --> 0:19:02.119
<v Speaker 1>is that you know, a content moderation has become a

0:19:02.280 --> 0:19:05.959
<v Speaker 1>huge issue for all social media platforms large and small

0:19:06.640 --> 0:19:11.360
<v Speaker 1>with your mission to spark creativity and and create bursts

0:19:11.400 --> 0:19:14.840
<v Speaker 1>of joy, which goodness knows we need more than ever. Now,

0:19:15.359 --> 0:19:19.280
<v Speaker 1>how are you going? How are you watching the skies

0:19:19.400 --> 0:19:22.439
<v Speaker 1>to make sure that bad actors don't get into your

0:19:22.480 --> 0:19:25.480
<v Speaker 1>platform and put things on that you know are are

0:19:25.640 --> 0:19:29.960
<v Speaker 1>decidedly less than joyful. Yeah, it's the number one thing

0:19:30.000 --> 0:19:33.520
<v Speaker 1>we think about as you get imagining, especially in days

0:19:33.520 --> 0:19:37.080
<v Speaker 1>like we've led up to this conversation. Um, it's an

0:19:37.080 --> 0:19:40.240
<v Speaker 1>industry thing. As an industry, it's it's it's an opportunity

0:19:40.240 --> 0:19:42.280
<v Speaker 1>for us to do better um. And we can call

0:19:42.320 --> 0:19:45.560
<v Speaker 1>it issues whichever. It's a challenge UM. And like most

0:19:45.640 --> 0:19:49.280
<v Speaker 1>we use a combination of community guidelines which are very

0:19:49.280 --> 0:19:54.080
<v Speaker 1>strict around hate and speech and misinformation and everything else UM,

0:19:54.480 --> 0:19:57.480
<v Speaker 1>as well as technology so machine learning to identify that

0:19:57.640 --> 0:20:01.280
<v Speaker 1>as content gets loaded into platform, using machine learning to

0:20:01.640 --> 0:20:04.560
<v Speaker 1>quickly identifying and training the machines to look for content

0:20:05.040 --> 0:20:08.600
<v Speaker 1>that falls into a certain pattern or behavior. That's um,

0:20:08.680 --> 0:20:11.000
<v Speaker 1>you know, snonymous with some of these behaviors we don't

0:20:11.040 --> 0:20:14.240
<v Speaker 1>want and pulling that content for whatever reaches for whatever

0:20:14.240 --> 0:20:16.600
<v Speaker 1>reaches the graph. And you know, according to our last

0:20:16.600 --> 0:20:19.360
<v Speaker 1>transparency employee pulled down a hundred million pieces of content,

0:20:19.840 --> 0:20:23.320
<v Speaker 1>of which nineties percent were before whatever you hit the

0:20:23.359 --> 0:20:25.600
<v Speaker 1>graph and the rest of simil reactionary. And then we

0:20:25.720 --> 0:20:29.960
<v Speaker 1>use human moderation, which is as people reporting content that's

0:20:29.960 --> 0:20:32.959
<v Speaker 1>inappropriate they think should be considered. You know, we use

0:20:33.160 --> 0:20:36.120
<v Speaker 1>the combination of machine learning and human moderators to make

0:20:36.160 --> 0:20:40.240
<v Speaker 1>sure that we're identifying that that behavior, that content and

0:20:40.480 --> 0:20:43.239
<v Speaker 1>pulling it down very very quickly. And then obviously, you know,

0:20:43.320 --> 0:20:45.560
<v Speaker 1>on the back end, making sure that those folks that

0:20:45.600 --> 0:20:48.240
<v Speaker 1>are doing that, you know, are pulled from the platform

0:20:48.240 --> 0:20:53.080
<v Speaker 1>and so on. Has um has I mean with a

0:20:53.119 --> 0:20:56.400
<v Speaker 1>hundred million pieces of content, that's a lot too, that's

0:20:56.400 --> 0:20:58.879
<v Speaker 1>a lot to keep up with. Machine learning can do

0:20:59.080 --> 0:21:03.919
<v Speaker 1>so much. Have have you found that they're given the

0:21:04.040 --> 0:21:08.600
<v Speaker 1>nature of TikTok, the nature of stuff that is objectionable?

0:21:08.800 --> 0:21:12.439
<v Speaker 1>Does it does it? Is it? Is it political? Is

0:21:12.480 --> 0:21:15.000
<v Speaker 1>it more violent? Or is there like an is there

0:21:15.040 --> 0:21:18.640
<v Speaker 1>like a thread to what you're finding that is objectionable

0:21:18.840 --> 0:21:23.520
<v Speaker 1>on TikTok is attract a certain kind of of objectionable

0:21:23.560 --> 0:21:26.119
<v Speaker 1>type of content versus maybe you would see on a

0:21:26.200 --> 0:21:30.359
<v Speaker 1>broader social platform. Yeah, I think so many other platforms

0:21:30.359 --> 0:21:33.800
<v Speaker 1>have different issues. Like I think these social the social

0:21:33.800 --> 0:21:37.040
<v Speaker 1>platforms where people are connected via social kind of like

0:21:37.720 --> 0:21:41.520
<v Speaker 1>their social behaviors, they have a very different challenge than

0:21:41.560 --> 0:21:43.280
<v Speaker 1>we do. You know, when people are coming to the

0:21:43.280 --> 0:21:47.840
<v Speaker 1>platform to create your inspired to creativity and bring joy. Um,

0:21:48.000 --> 0:21:50.720
<v Speaker 1>the expectation when people come into it's just that they're

0:21:50.760 --> 0:21:52.960
<v Speaker 1>not looking for that kind of content, whereas in some

0:21:53.119 --> 0:21:55.960
<v Speaker 1>other platforms, I think it's expected at this point, and

0:21:56.000 --> 0:22:00.080
<v Speaker 1>so that's where the voices are loudest um. And so

0:22:00.880 --> 0:22:03.680
<v Speaker 1>to be fair, we have some activism, like when Black

0:22:03.720 --> 0:22:06.560
<v Speaker 1>Lives Matters came up, there were people that were you know,

0:22:06.640 --> 0:22:08.720
<v Speaker 1>discussing that subject, but they were doing it in a

0:22:08.760 --> 0:22:12.640
<v Speaker 1>really inspirational way. It wasn't in a derogatory or crew way.

0:22:12.640 --> 0:22:14.920
<v Speaker 1>It was done more of an inspirational way. And so

0:22:15.400 --> 0:22:18.960
<v Speaker 1>we want people to to express express themselves. But when

0:22:18.960 --> 0:22:21.840
<v Speaker 1>it turns to hate, or turns to misinformation or whatever

0:22:21.840 --> 0:22:23.640
<v Speaker 1>it might be, we need to make sure that our

0:22:23.760 --> 0:22:26.919
<v Speaker 1>our communities protected. So we worked really diligently on that.

0:22:27.560 --> 0:22:30.480
<v Speaker 1>Have you had some tough calls into when you sort

0:22:30.480 --> 0:22:32.520
<v Speaker 1>of when the human beings get involved. Have you had

0:22:32.600 --> 0:22:36.560
<v Speaker 1>tough calls about what what is the line between what's

0:22:36.600 --> 0:22:40.560
<v Speaker 1>okay and not okay? So the trust and safety team

0:22:40.560 --> 0:22:42.600
<v Speaker 1>falls and are dip different remits. So I'd be remiss

0:22:42.640 --> 0:22:44.200
<v Speaker 1>if I were to try and step in and and

0:22:44.359 --> 0:22:46.960
<v Speaker 1>go too deep on the subject. I think that everybody

0:22:47.080 --> 0:22:50.280
<v Speaker 1>today's world is changing so fast, and you know, people

0:22:50.320 --> 0:22:53.320
<v Speaker 1>that are trying to express themselves in a negative way

0:22:53.680 --> 0:22:55.639
<v Speaker 1>will continue to try and find ways to do that.

0:22:55.720 --> 0:22:58.080
<v Speaker 1>You need to be able to react accordingly, and so

0:22:58.320 --> 0:23:00.480
<v Speaker 1>you know, certainly there are probably moments there are tough

0:23:00.480 --> 0:23:04.440
<v Speaker 1>decisions to make. UM I'm not literally to talk about

0:23:04.440 --> 0:23:08.160
<v Speaker 1>those here, but certainly we'll continue to evolve our platform

0:23:08.200 --> 0:23:11.760
<v Speaker 1>and iterate our platform and our policies to protect our community.

0:23:11.760 --> 0:23:16.280
<v Speaker 1>Best weekend. Yeah, thank you, and that I can imagine

0:23:16.320 --> 0:23:19.119
<v Speaker 1>that there's no more urgent and tougher job in the

0:23:19.160 --> 0:23:21.719
<v Speaker 1>company than than keeping an eye on all of that,

0:23:22.080 --> 0:23:25.840
<v Speaker 1>especially because you have the reputation for being for being

0:23:26.119 --> 0:23:30.080
<v Speaker 1>um for being very you know, open and friendly to

0:23:30.080 --> 0:23:33.720
<v Speaker 1>to all demographics. UM, I know Blake. You spent a

0:23:33.720 --> 0:23:38.159
<v Speaker 1>long time at Facebook before joining TikTok. What what did

0:23:38.240 --> 0:23:40.560
<v Speaker 1>you learn in your time in the formative years of

0:23:40.640 --> 0:23:44.000
<v Speaker 1>Facebook and watching its evolution that what did you learn

0:23:44.080 --> 0:23:47.080
<v Speaker 1>from Facebook that you are applying it at TikTok now?

0:23:47.119 --> 0:23:49.639
<v Speaker 1>And are you seeing in any major differences in the

0:23:49.800 --> 0:23:53.000
<v Speaker 1>in the growth trajectories of the platforms. Yeah, I think

0:23:53.280 --> 0:23:56.800
<v Speaker 1>the growth trajectors are very similar UM and and Facebook

0:23:56.800 --> 0:23:59.560
<v Speaker 1>at the time. Going back, I was there for a

0:23:59.600 --> 0:24:02.680
<v Speaker 1>decade from two thousand seven to seventeen. If you kind

0:24:02.680 --> 0:24:06.960
<v Speaker 1>of rewind back to two thousand nine ten, before Facebook

0:24:07.000 --> 0:24:09.320
<v Speaker 1>became you know the big of b myth it is today.

0:24:09.760 --> 0:24:12.879
<v Speaker 1>You know, social was new, right, the social graph didn't exist.

0:24:12.920 --> 0:24:15.920
<v Speaker 1>It was this new concept UM that people were trying

0:24:15.920 --> 0:24:19.240
<v Speaker 1>to embrace and understand and both users right on on

0:24:19.280 --> 0:24:21.199
<v Speaker 1>the growth side from the user perspective, what role did

0:24:21.240 --> 0:24:24.280
<v Speaker 1>play in people's lives? UM as well as brands and

0:24:24.440 --> 0:24:27.239
<v Speaker 1>and and certainly regulatory bottles and everybody else. We were

0:24:27.240 --> 0:24:29.080
<v Speaker 1>all trying to make it up as we went, and

0:24:29.119 --> 0:24:31.679
<v Speaker 1>so we were constantly iterating, and we were creating product,

0:24:31.760 --> 0:24:34.160
<v Speaker 1>and we were moving quickly in response to different things

0:24:34.200 --> 0:24:36.239
<v Speaker 1>that we saw in the market, and it's very very

0:24:36.240 --> 0:24:38.000
<v Speaker 1>similar to where we are today. And we're not a

0:24:38.080 --> 0:24:41.520
<v Speaker 1>social graph, we're you know, content graph from the interstgraph,

0:24:41.520 --> 0:24:44.200
<v Speaker 1>which is new. It's very it's very very different, UM,

0:24:44.600 --> 0:24:47.680
<v Speaker 1>and it's had its own different opportunities and challenges and

0:24:47.720 --> 0:24:50.680
<v Speaker 1>everything else. And so for us, it's really around a

0:24:50.760 --> 0:24:55.080
<v Speaker 1>couple core things. One is hiring amazing people like people

0:24:55.200 --> 0:24:57.560
<v Speaker 1>ultimately health to find what the future of the business

0:24:57.600 --> 0:25:00.159
<v Speaker 1>will look like. And so we have great people on

0:25:00.280 --> 0:25:03.480
<v Speaker 1>the product side, the ad side, marketing side, just to

0:25:03.480 --> 0:25:07.119
<v Speaker 1>have amazing individuals who have open minds or what we

0:25:07.240 --> 0:25:10.720
<v Speaker 1>call learners, and we want to create a very learning culture. UM.

0:25:11.040 --> 0:25:12.600
<v Speaker 1>We want to be able to move very quickly, and

0:25:12.720 --> 0:25:14.520
<v Speaker 1>change is hard. Like if you look at some of

0:25:14.520 --> 0:25:17.320
<v Speaker 1>the big companies now, it's much more difficult for a

0:25:17.359 --> 0:25:20.639
<v Speaker 1>Facebook or Google to shift you know, bought businesses as

0:25:20.680 --> 0:25:23.399
<v Speaker 1>big as they are, Whereas we're still nimble enough that

0:25:23.440 --> 0:25:26.120
<v Speaker 1>we can move very very quickly UM if we see

0:25:26.160 --> 0:25:28.040
<v Speaker 1>something that's working, and so we do a lost a lot,

0:25:28.119 --> 0:25:31.240
<v Speaker 1>a lot a lot of testing, iteration UM. And so

0:25:31.640 --> 0:25:33.560
<v Speaker 1>some of the core values I think we saw back

0:25:33.600 --> 0:25:36.000
<v Speaker 1>in the day are similar in terms of moving fast

0:25:36.160 --> 0:25:39.320
<v Speaker 1>and then trying to build product that's that's relevant for

0:25:39.359 --> 0:25:42.159
<v Speaker 1>our users and our brands and uh, and then there

0:25:42.160 --> 0:25:44.520
<v Speaker 1>are differences, like I think that we've learned a lot

0:25:44.640 --> 0:25:48.400
<v Speaker 1>from you know, around data and consumer privacy and um,

0:25:48.440 --> 0:25:51.560
<v Speaker 1>you know, giving users control of of of the kind

0:25:51.600 --> 0:25:56.399
<v Speaker 1>of advertising they see, which historically it wasn't necessarily built

0:25:56.400 --> 0:25:58.639
<v Speaker 1>into the business models that we think, you know, it

0:25:58.680 --> 0:26:02.879
<v Speaker 1>could be could be really differentially differentiated going forward. So

0:26:03.200 --> 0:26:05.000
<v Speaker 1>we're learning some things and werena do things a little

0:26:05.000 --> 0:26:06.800
<v Speaker 1>bit differently, and we're gonna hopefully be a little bit

0:26:06.840 --> 0:26:10.760
<v Speaker 1>disruptive in a very comfortable way. But I think the

0:26:10.760 --> 0:26:13.359
<v Speaker 1>industries asked us to be, and they said, don't just

0:26:13.440 --> 0:26:16.000
<v Speaker 1>come back and prom with a big audience with a

0:26:16.000 --> 0:26:18.480
<v Speaker 1>programmatic capability. They really wants to come back and allow

0:26:18.520 --> 0:26:21.280
<v Speaker 1>them to storytell again and to engage audiences in a

0:26:21.280 --> 0:26:23.720
<v Speaker 1>different way that they simply haven't able to do on

0:26:23.760 --> 0:26:27.520
<v Speaker 1>the mobile lice Blake, why don't you leave us with that?

0:26:27.600 --> 0:26:30.199
<v Speaker 1>Why don't we end with what are you're like? What

0:26:30.320 --> 0:26:33.560
<v Speaker 1>are some of your most impressive growth stats from twenty

0:26:33.680 --> 0:26:36.240
<v Speaker 1>or growth stats for TikTok since it really started to

0:26:36.280 --> 0:26:39.280
<v Speaker 1>take off in the US. Well, I mean, idea certainly

0:26:39.280 --> 0:26:42.080
<v Speaker 1>our user based and we're now exceeding a hundred million users,

0:26:42.560 --> 0:26:45.720
<v Speaker 1>which was up significantly from two thousand nineteen. And we've

0:26:45.720 --> 0:26:48.159
<v Speaker 1>seen that across the world where it's not it's not

0:26:48.800 --> 0:26:51.400
<v Speaker 1>really just the US we're seeing. It's um the kind

0:26:51.440 --> 0:26:53.840
<v Speaker 1>of content, it's just diverse five an amazing way and

0:26:54.000 --> 0:26:57.800
<v Speaker 1>types of audiences that are on the platform and changed significantly.

0:26:58.560 --> 0:27:01.000
<v Speaker 1>I won't get into the metrics from revenue and brands,

0:27:01.080 --> 0:27:04.879
<v Speaker 1>but you know, certainly the industry has supported us, and

0:27:04.920 --> 0:27:07.800
<v Speaker 1>for that where it's really grateful and humbled. We think

0:27:07.840 --> 0:27:11.479
<v Speaker 1>that by working with the smartest people in the agency world,

0:27:11.520 --> 0:27:13.600
<v Speaker 1>in the client world, that we can build kind of

0:27:13.760 --> 0:27:18.840
<v Speaker 1>future that is it is different where advertising becomes you know,

0:27:19.000 --> 0:27:22.600
<v Speaker 1>anticipated and hope for versus something people deal with more

0:27:22.720 --> 0:27:25.719
<v Speaker 1>to get contact. And so those are things that we're

0:27:25.760 --> 0:27:28.880
<v Speaker 1>really focused on right now. Blake, thank you so much

0:27:28.920 --> 0:27:31.120
<v Speaker 1>for taking the time to talk us through what's going

0:27:31.160 --> 0:27:34.520
<v Speaker 1>on at this most dynamic media platform. We will definitely

0:27:34.600 --> 0:27:44.720
<v Speaker 1>stay tuned. Thanks for listening, and please leave us a

0:27:44.800 --> 0:27:48.480
<v Speaker 1>review at Apple Podcasts. We love to hear from listeners.

0:27:48.720 --> 0:27:51.240
<v Speaker 1>Be sure to tune in next week when my guests

0:27:51.280 --> 0:27:54.959
<v Speaker 1>will be Andrew Kosov and Roderick Johnson, the producers and

0:27:55.000 --> 0:27:57.480
<v Speaker 1>financiers who run al Con Entertainment