TikTok rival Triller has confidentially submitted to the SEC paperwork for a direct listing. The news comes as the company ended its $5 billion merger agreement with video-tech company SeaChange International two weeks ago.
Similar to TikTok, Triller allows users to create and share short-form videos set to music. However, Triller plans to pivot toward streaming live events rather than compete against Tik Tok.
The Los Angeles-based company initially launched in 2015 and the app has been downloaded more than 250 million times. Read more.
