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TikTok Parent ByteDance Sees Losses Swell in Push for Growth

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Re: TikTok Parent ByteDance Sees Losses Swell in Push for Growth

#31

Post by rchaud »

ravenstine wrote: post #8
AlexandrB wrote: post #4

Earlier quoted context omitted.

Is this also true for highly-funded, money-losing SV startups focusing on growth. Why or why not?

No one said they aren't . Yet there's always someone in any given thread about a Chinese app jumping to its defense saying "but Silicon Valley." So should no one speak out against concentration camps, cultural genocide, and mass sterilization in China today because the same things have happened historically in the United States? China being an adversary should have nothing to do with it? If we can't point out such a…

Speak out all you like.It didn't affect Apple one iota when their factories in China were known for working people to their deaths to churn out more iPhones for the ravenous consumer.

It won't do a damn thing to reduce TikTok's growth either. Nothing will until TT becomes replaced by the next thing.

Re: TikTok Parent ByteDance Sees Losses Swell in Push for Growth

#33

Post by paxys »

Leary wrote: post #28

If reports of $300 billion valuations are true, this is an undervalued company considering it's still growing at 54%.

Growth has to convert into profit at some point. Not sure how you can call $300B undervalued when Meta has a market cap of $375B right now and makes $40B a year.

Re: TikTok Parent ByteDance Sees Losses Swell in Push for Growth

#34

Post by encoderer »

Leary wrote: post #28

If reports of $300 billion valuations are true, this is an undervalued company considering it's still growing at 54%.

You have to apply the China factor.

Shareholders can’t truly own the companies, can’t control the boards, can’t predict the future regulatory environment.

It doesn’t make these companies worthless but it is a real markdown.

Re: TikTok Parent ByteDance Sees Losses Swell in Push for Growth

#35

Post by MaxPock »

pb7 wrote: post #26
angio wrote: post #23

Earlier quoted context omitted.

But they took part in illegal surveillance programmes in the past.

>illegal Exactly. What's illegal here is perfectly fine in China. Let's not equate the two. US government may get data from US companies but at least it takes a warrant. Chinese government straight up owns the servers.

No post body was provided.

Re: TikTok Parent ByteDance Sees Losses Swell in Push for Growth

#36

Post by pb7 »

MaxPock wrote: post #35
pb7 wrote: post #26

Earlier quoted context omitted.

>illegal Exactly. What's illegal here is perfectly fine in China. Let's not equate the two. US government may get data from US companies but at least it takes a warrant. Chinese government straight up owns the servers.

Quoted post unavailable.

8 years old, referencing the same unlawful behavior mentioned earlier.

Re: TikTok Parent ByteDance Sees Losses Swell in Push for Growth

#37

Post by rvz »

sudden_dystopia wrote: post #2

It’s not supposed to make money, it’s a spy tool subsidized by a foreign adversary…

Yes. It is exactly that. [0] [1] [2] [3] [4] [5]

I thought Facebook was worse, but looking at TikTok, it takes the most invasive spyware crown.

At this point if the solution is to outlaw all invasive tracking for all companies, the first thing to do is like how Facebook got a multi-billion dollar fine by the FTC, TikTok (and repeat offenders) must be fined in the tens of billions, if they want to continue operating in the US and to stop them from violating user privacy by their invasive data collection.

[0] https://www.nrk.no/osloogviken/xl/tiktok-doesn_t-show-the-wa...

[1] https://www.buzzfeednews.com/article/emilybakerwhite/tiktok-...

[2] https://techcrunch.com/2021/10/26/tiktok-dodges-questions-ab...

[3] https://techcrunch.com/2021/06/03/tiktok-just-gave-itself-pe...

[4] https://twitter.com/crobertsbmw/status/1427102606753550337

[5] https://krausefx.com/blog/announcing-inappbrowsercom-see-wha...

Re: TikTok Parent ByteDance Sees Losses Swell in Push for Growth

#38

Post by throwaway4good »

encoderer wrote: post #34
Leary wrote: post #28

If reports of $300 billion valuations are true, this is an undervalued company considering it's still growing at 54%.

You have to apply the China factor. Shareholders can’t truly own the companies, can’t control the boards, can’t predict the future regulatory environment. It doesn’t make these companies worthless but it is a real markdown.

This is a bunch of non-sense. ByteDance has a number of US investors and an international board. Their ideal exit strategy for TikTok is to have it spun off and IPOed on US exchanges.

Re: TikTok Parent ByteDance Sees Losses Swell in Push for Growth

#39

Post by walrus01 »

nextstep wrote: post #3
sudden_dystopia wrote: post #2

It’s not supposed to make money, it’s a spy tool subsidized by a foreign adversary…

Can you explain how this is a spy tool and how Youtube, Instagram, Facebook, etc. are not? I haven't really used TikTok. How does it collect data beyond the videos I've watched?

Chinese domestic companies are legally obligated to provide a direct data pipeline from their databases to the Ministry of State Security. It's a real law that exists. Basically imagine what the NSA implemented with the PRISM program revealed by Snowden but formally codified into law and with active participation/engineering efforts required by the corporations.
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