TikTok builds detailed competitor tracking into every business review, monitoring metrics like daily active users, retention rates, and product releases. The company balances staying aware of rivals while pursuing its own vision.
You often hear people talking about the competitors to either obsess about them or to ignore them, right? Andy Grove is like, only the paranoid survive. Was TikTok playing with both thighs? Were they looking at what the competitors were doing and then also really driving ahead with their own vision as well? Or were they obsessed in one direction more than the other, do you think?
They did both.
Like every business review, there was a full section on everything my competitors were doing.
We had information about their DAU, retention. We had the latest product releases. We estimated their product release adoption at Google data.
I was like, wow, how'd you get this, all this information? But yeah, there's a whole section dedicated. And then we go into our, our four metrics and what are we doing.