how can they be worth twice as much as snap with less revenue and less users?
ByteDance investors value TikTok at $50B in takeover bid
161–170 of 204 posts
Re: ByteDance investors value TikTok at $50B in takeover bid
#162$50B sounds realistic. Snapchat is a $33B company, with 30% yearly revenue growth and similar demographics to TikTok. TikTok has a lot more active users than Snapchat and is growing much faster. It's the only non-FB app in the global top 5. That alone makes it an attractive investment as a hedge. Take a look at the stats: https://mediakix.com/blog/top-tik-tok-statistics-demographic...
i think snap had higher DAU while tik tok has higher MAU
Re: ByteDance investors value TikTok at $50B in takeover bid
#163Earlier quoted context omitted.
At this point, give how wrong over the past decade pundits have been about Tesla, Uber, Facebook, Shopify, Amazon (and many others), I am inclined to discount/ignore any prediction of a rapidly-growing consumer tech or app company being a bubble. These pundits have a horrible track record of predicting this sort of stuff. A common thread for why these forecasts tend to be so bad is, such pundits ignore the growth of…
A bear would say those pundits have been wrong so far and will eventually be proven right. Is there any real reason why Tesla should be worth more than the rest of the US auto industry combined? Can Uber ever actually turn enough profit to justify their valuation? At what point does Amazon stop growing and their PE ratio start mattering? Right now investors seem to believe that these companies have a very bright futu…
If Amazon stock fell to the price when pundits were calling it a bubble back in 2010-2014 and earlier, it would actually be undervalued. Earnings are surging along with the stock price. The same will probably be the case with Tesla.
Re: ByteDance investors value TikTok at $50B in takeover bid
#164No matter what the future may bring for TikTok, it has surprised me because it definitely showed that the Chinese are coming with their unicorns and coming hard. I was expecting something like that but in a decade or so. You can argue that is not that technically advanced and slightly derivative, but its explosive growth, smart user engagement tactics, polished presentation (a constant weak point with Chinese product…
There's a documentary People's Republic of Desire that I recommend to anyone who thinks China is pretty behind on tech and basically just a manufacturing giant. They're not. Social Streaming on Twitch for cheers & donations? Yeah, they've been doing it for years on their own platform. I'm not surprised at all that they find international success. Any very large domestic market will create viral products and give thei…
No one in their right mind would say that they're behind on tech or just a manufacturing giant.
The parent comment is merely stating that no Chinese app has enjoyed global success and that many of their apps are very janky with poor UI/UX (generalizing here of course).
Re: ByteDance investors value TikTok at $50B in takeover bid
#165If I was the management of bytedance I'd at least hold on until next year. A deal made today is definitely gonna be a pretty bad one given the tremendous political pressure.
Re: ByteDance investors value TikTok at $50B in takeover bid
#166Earlier quoted context omitted.
Moments, Poke, Camera are a few. Local could be huge if they had the right strategy.
Facebook keeps putting this bizarre emphasis on stamping their brand on everything they come up with to keep their brandname relevant. Sounds more like Facebook should restructure as a holding company and keep creating independent concepts to see what succeeds, but keeping the Facebook name is likely an ego-driven decision.
When they sponsored ‘The Last Dance’ on ESPN, they referred to themselves as The Facebook Company. I thought that was interesting.
Re: ByteDance investors value TikTok at $50B in takeover bid
#167Earlier quoted context omitted.
All of that is only true if you only look at the successes, such as those you’ve illustrated. For every pundit-bashed unicorn, there are tens of thousands of times the pundits got it right.
What is the last app with 800mm users for which the pundits correctly predicted its demise?
It recently lost half its users.
Re: ByteDance investors value TikTok at $50B in takeover bid
#168Earlier quoted context omitted.
Tesla will carry on for the next few years,until all the major manufacturers will get to the point,where making electric becomes a new norm. At that point Tesla may become no more than Dachia or Kia.
And when that doesn't happen, you'll come up with your next theory. The goal posts will keep moving until one day you'll run out of things to say and the company is a behemoth capturing a percentage of all car sales (not just electric). That's been the dynamic with Tesla since the company was started.
Personally I couldn't care less whether they succeed or not. I'm not blind either and I'm fully aware how big a flame they put under the industry's ass and how everyone started working on similar projects. All that aside, I still think that they will be facing huge competition from other manufacturers once they are fully on board with electric models. Who knows, maybe Tesla will drive fast enough and will be no.1 manufacturer in 10 years time,I don't have crystal ball for that. It is, however, dangerous to ride on positive news only, disregarding any other opinion if it doesn't match yours.
Re: ByteDance investors value TikTok at $50B in takeover bid
#169Earlier quoted context omitted.
What is stopping TikTok from getting flavor-of-the-month'd as teenagers and young adults move to newer platforms? Edit: this is a genuine question I do not have an answer for and I'd like to hear some takes.
As said in some other comments, TikTok does not use a "follow" model, new content is algorithmically recommended to you. Therefore there is no problem with the content creators you're following burning out or your follow list getting stale. For example my highschool friends are no longer that active on facebook, and in 2020 I'm no longer asking random people to add me to FB, therefore facebook is now kind of dead to…
I haven't installed TikTok, so I'll ask you instead.
If there's no follow model, how do I see stuff that I want to see? Say there's a particular guy I like, I want to see a bunch of his content. Do I have to like it and hope the algo gives me more?
Re: ByteDance investors value TikTok at $50B in takeover bid
#170Earlier quoted context omitted.
Snapchat is doing great and making money. They're still worth over 33 Billion.
I haven't seen or heard about anyone using snapchat in the last year. It used to be the location for all my family's chat. They definitely aren't experiencing explosive growth anymore.
It’s very popular amongst younger people.