What you need to know
- TikTok CEO Kevin Mayer has blasted Instagram's new 'Reels.'
- He says that it's "another copycat product."
- The comments were made in a blog post about fair competition and transparency.
CEO of TikTok Kevin Mayer has blasted Facebook's latest Instagram feature 'Reels' as "another copycat product" from Facebook.
In a blog post titled 'Fair competition and transparency benefits us all Mayer highlighted TikTok's recent success in reimaging social media, and noted how with its recent success came "responsibility and accountability":
Mayer says that TikTok believes all companies should disclose their algorithms, moderation policies, and data flows to regulators. In the meantime, TikTok is launching its own 'Transparency and Accountability Center' for moderation and data practices:
Moving on to Facebook, Mayer highlighted its new 'Reels' feature for Instagram, blasting it as "another copycat product":
Mayer said that TikTok is willing "to take all necessary steps to ensure the long-term availability and success of TikTok", and reiterated its commitment to keeping the platform safe and secure. In conclusion, he writes:
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