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Social-Media App Musical.ly Is Acquired for as Much as $1B

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41–50 of 98 posts

Re: Social-Media App Musical.ly Is Acquired for as Much as $1B

#41
HN has a nice blog on acquirer Toutiao here:

https://blog.ycombinator.com/the-hidden-forces-behind-toutia...

Strategically, its a good way for a Chinese consumer internet firm to enter into Western markets. As well as short form, digestible, interactive video optimized for mobile.

Re: Social-Media App Musical.ly Is Acquired for as Much as $1B

#42
post #38

WTF. Is 1B even a meaningful number any more. I literally hear about these guys for the first time.

Musical.ly is popular with children and young teenagers that perform dances to their favorite songs and share them with others.

Re: Social-Media App Musical.ly Is Acquired for as Much as $1B

#43
post #38

WTF. Is 1B even a meaningful number any more. I literally hear about these guys for the first time.

60M monthly users according to article (and probably growing). $16 per current monthly user. No idea about the running costs for the service, but does not sound too unreasonable.

Wikipedia writes: "Musical.ly's structure allows the viral dissemination of trends throughout the platform. The hashtags that are popular on this social network usually make reference to bits of pop culture and trends among the internet world. Because of its massive usage, a lot of events launched within the app can become viral global events, especially among teenagers"

Re: Social-Media App Musical.ly Is Acquired for as Much as $1B

#46
I think more and more the trend is for aggregators to buy networks and strengthen themselves. Facebook did so with WhatsApp, Instagram, and TBH. Amazon did so with Whole Foods. Google bought DoubleClick. Software can be easily replicated, but not ecosystems because of the difficult cold start problem.

If Toutiao wants to play in US markets, then this acquisition could make a lot of sense as the first defensible foothold.

Re: Social-Media App Musical.ly Is Acquired for as Much as $1B

#49
so trump goes to China. 12% snap bought , 1b for Musical.ly. Is there some mutual future success deals going on more than usual.

Im reaching hard here but I smell something in the air. Maybe its fire (a good kind) or maybe Trump just farted.

1)US economics/job sec says man it would be nice if we could get some investment in companies that are hiring internally 2)Trump gives list of companies to China for favourable deals and profit/tech sharing 3)America and China both see a profitable future.

Is there any other deals Im not seeing. Is there some general stat to suggest that GNP of China is being focused on the US more than usual. Isnt Foxconn opening a factory in Michigan?

Sorry for the lack of research and vague ideas but this could be a spark that lights flames and cooks food for millions/billions.

Is the CEO of McDonald's talking out of his ass[0] or is Trump the bussiness man president we needed to get us through a tough economy?

Not a kind conservative but a practical one, the Chinese like practical.

[0]https://www.cnbc.com/2017/11/08/ex-mcdonalds-ceo-praises-tru...

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