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Makes sense. The fed's inflated the money supply quite a lot.
Makes sense. The fed's inflated the money supply quite a lot.
Twitter and Snapchat are both “only” worth around $25B each This isn’t just about a money printer.
Twitter: 330 million monthly active users worldwide.
Snapchat: 360 million monthly active users worldwide.
Maybe TikTok should "only" be worth $50B?
First glance: seems about right; pretty popular/trendy site Second glance: oh that's in Bs, not Ms; nevermind!
> It’s the first salvo of ByteDance’s goal to reach 100,000 staff globally by the end of the year, outlined by Chief Executive Officer Zhang Yiming in an internal memo last month. Can someone explain to me the rationale behind such an aggressive employee headcount? Do they have larger ambitions or are they trying to justify the valuation? It just strikes me at an incredibly large number of employees for the service.
> It’s the first salvo of ByteDance’s goal to reach 100,000 staff globally by the end of the year, outlined by Chief Executive Officer Zhang Yiming in an internal memo last month. Can someone explain to me the rationale behind such an aggressive employee headcount? Do they have larger ambitions or are they trying to justify the valuation? It just strikes me at an incredibly large number of employees for the service.
Facebook has a strong network grounding effect (a few of them) and it may be around for a while.
But these 'hyper short form' things like Snapchat and TikTok I feel to be faddish. The 'form' is here to stay, but unless the platforms have lock-in they are fickle.
I think Apple, FB, MS, Google have strong incumbency, even though Snapchat is growing ... I'm not so sure.
That said - the world is still coming online in droves, and Snapchat only has 200M users meaning a lot of upside, and possibly an opportunity to entrench themselves.
What happens if Chinese big tech starts dominating the world? Since the US no longer dominates manufacturing, if the US starts losing in services too, what advantage will the US ever have on China?
Earlier quoted context omitted.
Twitter and Snapchat are both “only” worth around $25B each This isn’t just about a money printer.
Tiktok: 800 million monthly active users worldwide. Twitter: 330 million monthly active users worldwide. Snapchat: 360 million monthly active users worldwide. Maybe TikTok should "only" be worth $50B?
Honest question, I don't know
I really can't fathom how this is possible. The largely young demographic (which I'm guessing warrants this valuation) has a track record of jumping from platform to platform, whichever is trendy for a given year. With that in mind, how are investors seriously willing to get behind this company in such a big way?
Facebook was able to leverage their popularity with college students into a larger platform that had mass appeal with all age groups. I don't see why TikTok can't add features and get the same results.
Facebook is really centered around 'everyone you might know' including friends and family, whereas I doubt parents and grandparents will ever go onto TikTok.
Most importantly, TikTok is not basic communications tool, it's a specialized communications tool honed on a timely and probably faddish trend.
Facebook may or may may not survive, but TikTok will have to transform to make it for the long haul.