41–50 of 193 posts
> Bytedance now faces questions over when or even how it will start making a profit. $75B value and it still faces the most basic question. Makes me feel I don't understand business at all. Also its main app seems to be musically. I have only heard of it but it seems a little to an app like Dubsmash. Did dubsmash ever make any money? What is the business model for such apps?
> Bytedance now faces questions over when or even how it will start making a profit. $75B value and it still faces the most basic question. Makes me feel I don't understand business at all. Also its main app seems to be musically. I have only heard of it but it seems a little to an app like Dubsmash. Did dubsmash ever make any money? What is the business model for such apps?
[0] https://www.youtube.com/watch?v=5PmphkNDosg (NSFW language)
Edit: I found the info in comments here on HN. The founder is software engineer Zhang Yiming and the startup is ByteDance.
:)
>35-Year-Old Unknown First of all, that's rude. Second, if they have a $75b valuation and no profit plan, that's not likely a good sign. I doubt China's P2P and venture capital markets are related, but I'd bet they gave a high valuation just to grab headlines. Also, it'll eventually get censored like everything else in China, so 'doing better than Baidu' is probably temporary.
>First of all, that's rude. Real question: Is there some social etiquette rule that says describing a person to a news audience as "unknown" is being rude? Honestly, I've never heard of that. If I created a billion dollar company and Bloomberg called me "an unknown" , I'd consider it a massive compliment. It means that I was able to grow the company totally under the radar without any distracting interview requests f…
Seems the 35yo bit is irrelevant to the story, that's neither old nor young: you can have a significant career by that point and you are a long way from retiring. So I can understand some people from the Valley would think this is just another case of ageism.
A bit like saying "A Black Woman left me her seat in the bus" can be suspicious even though it is factual.
https://www.washingtonpost.com/news/on-small-business/wp/201...
https://www.bloomberg.com/news/articles/2017-09-24/in-battle...
I feel like I've been living under a rock. I've never heard of Bytedance. Is it mostly unknown in the western world?
>35-Year-Old Unknown First of all, that's rude. Second, if they have a $75b valuation and no profit plan, that's not likely a good sign. I doubt China's P2P and venture capital markets are related, but I'd bet they gave a high valuation just to grab headlines. Also, it'll eventually get censored like everything else in China, so 'doing better than Baidu' is probably temporary.
"Unknown" is not an insult. It's not rude. It just means that he was not prominent before this company. It's actually somewhat of a compliment, because you generally expect gradual rises in fame and performance, not meteoric ones. So to say " unknown X does great thing Y" is more complimentary to X than saying "X does great thing Y".
Earlier quoted context omitted.
This was helpful: http://bytedance.com/products/
seems weird it does not force redirect to https? https://bytedance.com/products/
Ill say it again A dot freaking I.
Bam! $75B right there.
>35-Year-Old Unknown First of all, that's rude. Second, if they have a $75b valuation and no profit plan, that's not likely a good sign. I doubt China's P2P and venture capital markets are related, but I'd bet they gave a high valuation just to grab headlines. Also, it'll eventually get censored like everything else in China, so 'doing better than Baidu' is probably temporary.