ByteDance Ltd.’s valuation has risen at least a third to more than $100 billion in recent private share transactions, people familiar with the matter said, reflecting expectations the owner of video phenom TikTok will keep pulling in advertisers. Stock in the world’s most valuable startup has changed hands recently at a price that suggests its value has risen more than 33% from about $75 billion during a major round of funding two years ago, the people said, asking not to be identified because the matter isn’t public. https://www.bloomberg.com/news/articles/2020-05-20/tiktok-owner-s-value-surpasses-100-billion-in-private-markets
Jesus christ. Social media companies are money.
Social media regulars are the best target for consumer's targeted ads
They’re approaching 1B users worldwide, FB has 2.6B. 100B isn’t a whole lot if they continue their user growth and monetization, when compared with FB
Too expensive for Facebook to buy them
Too expensive for us
My children gave me that your TikTok a few days ago. Now I cannot stop watching it.
💦💦💦💦
How much stock options do you have?
That means the RSU is prob overvalued at this point already. Just like folks who joined Uber in late years are actually losing money after they go public
But how much money does the app actually make? I agree once I start scrolling through videos, I need to will myself to close the app and get back to reality. It’s entertaining and also super annoying at the same time.
TikTok is only a small portion of the revenue generated by ByteDance. The majority of the valuation comes from their other products.
How much is one share?