151–160 of 193 posts
ByteDance also made news for "highest salaries in the world" and "unlimited salary for unlimited talent". $1M USD salaries plus options. https://www.washingtonpost.com/news/on-small-business/wp/201... https://www.bloomberg.com/news/articles/2017-09-24/in-battle...
"ByteDance’s top earners make more than $1 million a year plus stock options, with total compensation sometimes exceeding $3 million. " I bet top earners at Google, Facebook etc make much more than this.
Thanks to this article I'm now aware that Musically is Chinese. That's all the info I need to explain to my kid why it needs to be deleted from her phone. Thank you, Bloomberg!
Are you ethnically Chinese yourself (but identify with HongKongers / Taiwanese)? Cos its a typical response from people from hk or tw
Earlier quoted context omitted.
1) Large, mostly homogeneous nation. 2) Government bans foreign internet/social media services, protecting local companies from foreign competition.
1. Korea is much more homogeneous than China. China has a wide diversity of ethnicities. (Before you downvote, check Wikipedia first) 2. China doesn't "ban foreign internet/social media". LinkedIn is in China, so is Bing. It bans companies that do not follow Chinese law. If you want to argue that the Chinese law is bad, you should know that Korea bans Google map because of law.
> 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 also made news for "highest salaries in the world" and "unlimited salary for unlimited talent". $1M USD salaries plus options. https://www.washingtonpost.com/news/on-small-business/wp/201... https://www.bloomberg.com/news/articles/2017-09-24/in-battle...
Well,frankly it's "easy" when you don't make a profit and rely on investor money rather than balanced account.
Earlier quoted context omitted.
GP was wrong. They acquired musica.ly in 2017 for $800 million. Musica.ly accounts for a minuscule portion of their valuation. The article itself clearly spells out what Bytedance's main businesses are, but commenters don't appear to want to read!
I can't see how it's worth close to $800 million either. Besides the icky sexualized content, isn't ads to kids illegal in most countries? How are you going to monetize that market? And even if it's legal, how moral is it?
It's worth $800 million because someone was willing to buy it for $800 million. Why is anything worth anything? Because someone is willing to pay for it.
> isn't ads to kids illegal in most countries?
What? Then how does nickelodean, toys stores, kids clothes store, etc exist? I can assure you that ads to kids are most definitely legal in most countries. We have back-to-school sales and of course we have christmas.
> And even if it's legal, how moral is it?
What's immoral about it? Targetting adult specific ( cigarettes, alcohol ) to kids shouldn't be allowed, but what's immoral about targeting age specific products to kids?
You sound like people saying kids shouldn't be taught about sex education, learn about violent news, etc. Kids and everyone should be taught about ads and adults should help kids deal with ads because ads are a part of life and they are going to have to deal with it eventually. Rather than ads themselves, I think the lack of educating kids about ads is the problem. But lots of backwards controlling parents want to keep children uninformed and naive and ill prepared for real life.
Earlier quoted context omitted.
I can't see how it's worth close to $800 million either. Besides the icky sexualized content, isn't ads to kids illegal in most countries? How are you going to monetize that market? And even if it's legal, how moral is it?
> I can't see how it's worth close to $800 million either. It's worth $800 million because someone was willing to buy it for $800 million. Why is anything worth anything? Because someone is willing to pay for it. > isn't ads to kids illegal in most countries? What? Then how does nickelodean, toys stores, kids clothes store, etc exist? I can assure you that ads to kids are most definitely legal in most countries. We h…
1: https://www.telegraph.co.uk/education/educationnews/9984366/...
2: https://parenting.blogs.nytimes.com/2012/07/13/ban-on-advert...
The way things go these days, you need to consider the context of this headline (and the whole article really). Worlds most valuable dog shit on a stick isn't something anyone cares about, regardless of how much someone says its worth. Similarly that dog shit on a stick doesn't make it's owner any money. So. What exactly is the difference?
> $75B > doesn't make it's[sic] owner any money
ByteDance also made news for "highest salaries in the world" and "unlimited salary for unlimited talent". $1M USD salaries plus options. https://www.washingtonpost.com/news/on-small-business/wp/201... https://www.bloomberg.com/news/articles/2017-09-24/in-battle...
Well,frankly it's "easy" when you don't make a profit and rely on investor money rather than balanced account.