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The 10 Ways TikTok Will Change Social Product Design

For the last two years, I have downloaded and played with TikTok every few months to track its progress, but I never found it seriously engaging beyond the occasional Arnold Schwarzenegger video.

This, however, has changed.

The ByteDance-owned app has very decisively turned a corner in the last few months, and has clearly graduated to being an important new type of network with a strong social economy and real staying power.

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As the first set of entrepreneurs learned they would receive emergency loans administered through the federal Small Business Administration, many of those who had applied through Silicon Valley Bank were stuck trying to deal with glitches in the application process.

The tech-focused bank had processed close to 5,000 applications to the SBA’s Paycheck Protection Program by Tuesday evening, ...

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