Is TikTok Stealing Market Share From Facebook?

The transcript discusses the decline in Facebook's stock value, attributed to the rising competition from TikTok. TikTok is portrayed as a young company with a unique market position, pioneering short video content with a personalized feed. The company emphasizes its mission to inspire creativity and bring joy, focusing on self-improvement rather than external competition.

In what way does the speaker believe they are unique in the market?

What does the speaker think is their biggest competitor?