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TikTok's co-founder to step down as chief executive

bbc.com

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Re: TikTok's co-founder to step down as chief executive

#31

Post by mrkramer »

hienyimba wrote: post #12

> "The truth is, I lack some of the skills that make an ideal manager. I'm more interested in analysing organizational and market principles, and leveraging these theories to further reduce management work, rather than actually managing people," Mr Zhang wrote in a message on the company's website. "Similarly, I'm not very social, preferring solitary activities like being online, reading, listening to music, and cont…

>Little wonder he navigated the company to such great success.

After Twitter destroyed Vine it was clear something was needed to replace it and TikTok filled that void.

Re: TikTok's co-founder to step down as chief executive

#32

Post by emptyfile »

supergirl wrote: post #11
samspenc wrote: post #3

Earlier quoted context omitted.

> "The truth is, I lack some of the skills that make an ideal manager. I'm more interested in analysing organizational and market principles, and leveraging these theories to further reduce management work, rather than actually managing people," Mr Zhang wrote in a message on the company's website. "Similarly, I'm not very social, preferring solitary activities like being online, reading, listening to music, and cont…

I think it might be Chinese corporate talk. the politicians also talk like this sometimes. might be related to communism -- attempting to not be condescending to regular people. or maybe it's just Chinese culture that doesn't value empty talk and so he is forced to write something concrete but it doesn't mean this is the truth.

I'm guessing in America the word "Chinese" will become a swear word soon.

Re: TikTok's co-founder to step down as chief executive

#33

Post by eunos »

miguelrochefort wrote: post #30
yftsui wrote: post #15

Earlier quoted context omitted.

Nobody use BAT anymore, Baidu has been a 2nd tier company for at least 5 years and nobody refer it in the acronyms. The top 5 are Alibaba, Tencent, Ant Financial, ByteDance, Meituan or PDD

1. Ant Group is an affiliate of Alibaba. 2. Is Meituan that big? 3. I have never heard of PDD. 4. What about Xiaomi and Huawei?

PDD is exclusively caters to mainland group buying. It's valuation is quite big though 160B USD

Re: TikTok's co-founder to step down as chief executive

#34

Post by eunos »

gogopuppygogo wrote: post #27
xvector wrote: post #19

Earlier quoted context omitted.

Still, it will be an incredibly valuable company, especially as the Chinese middle class comes into wealth.

China seems to be aging faster than the middle class can get wealthy. https://www.cnbc.com/2021/03/01/chinas-aging-population-is-b...

The older folks were not educated (less than 10% with college degree). The young people are much more (close to 30%). Besides, close to 40% pop lives in rural.

Re: TikTok's co-founder to step down as chief executive

#35

Post by ulfw »

Cthulhu_ wrote: post #14
blueblisters wrote: post #9

Earlier quoted context omitted.

TikTok will surpass Facebook as the most engaging social media app in the US with fewer DAUs than Facebook. It's already at par [1] according to some data. ByteDance might become the most valuable company in the world, not just in China. [1] https://twitter.com/TurnerNovak/status/1394704798591590401?s...

That's a prediction and a half. It would only become the most valuable company if the stock market goes crazy about it, as it stands, one does not become that with just a mobile app / social network.

I am sorry what else is Facebook???

Re: TikTok's co-founder to step down as chief executive

#37

Post by intricatedetail »

In my opinion, TikTok is a network of wilful informants and a dataset that can be used to train AI at recognising foreigners so they can be more easily spied on when in China. It can also be used as a basis for race segregation programs and help run concentration camps in China (e.g. spotting "western" behaviour in the population and automatically issuing a ticket to reeducation camp). I think that service should be banned altogether.

Re: TikTok's co-founder to step down as chief executive

#38

Post by supergirl »

emptyfile wrote: post #32
supergirl wrote: post #11

Earlier quoted context omitted.

I think it might be Chinese corporate talk. the politicians also talk like this sometimes. might be related to communism -- attempting to not be condescending to regular people. or maybe it's just Chinese culture that doesn't value empty talk and so he is forced to write something concrete but it doesn't mean this is the truth.

I'm guessing in America the word "Chinese" will become a swear word soon.

what I said is not exactly critical. so I think you already associated Chinese with bad, that's your problem

Re: TikTok's co-founder to step down as chief executive

#39

Post by golergka »

intricatedetail wrote: post #37

In my opinion, TikTok is a network of wilful informants and a dataset that can be used to train AI at recognising foreigners so they can be more easily spied on when in China. It can also be used as a basis for race segregation programs and help run concentration camps in China (e.g. spotting "western" behaviour in the population and automatically issuing a ticket to reeducation camp). I think that service should be…

Would gathering an AI dataset for nationality and race really be such a hard problem without it?

Re: TikTok's co-founder to step down as chief executive

#40

Post by eunos »

bigtones wrote: post #2

Wow, his comments were super honest as to his reasons for stepping down. It's refreshing in such a transition that it's not smothered in corporate speak written by lawyers or HR, or the common go-to of 'spending more time with family'.

Fiduciary duty to shareholders perhaps. Non generic and too-honest messages might rattle share prices.
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