Oh so they're the ones to blame for all those blatantly clickbait tik tok ads.
Bytedance said to be valued at over $75B in new round
11–20 of 193 posts
Re: Bytedance said to be valued at over $75B in new round
#12>35-Year-Old Unknown First of all, that's rude. Second, if they have a $75b valuation and no profit plan, that's not likely a good sign. I doubt China's P2P and venture capital markets are related, but I'd bet they gave a high valuation just to grab headlines. Also, it'll eventually get censored like everything else in China, so 'doing better than Baidu' is probably temporary.
And technically he was 29 when he started it.
Re: Bytedance said to be valued at over $75B in new round
#13> 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?
I was digging to find it but gave up. if musical.ly is their main app then this is surely an overestimation of their valuation. I haven't heard a single good thing about musical.ly, but maybe that's just because it's not my crowd.
Re: Bytedance said to be valued at over $75B in new round
#14> But as with Facebook at the same stage of its life, Bytedance now faces questions over when or even how it will start making a profit.
There it is.
Re: Bytedance said to be valued at over $75B in new round
#15>35-Year-Old Unknown First of all, that's rude. Second, if they have a $75b valuation and no profit plan, that's not likely a good sign. I doubt China's P2P and venture capital markets are related, but I'd bet they gave a high valuation just to grab headlines. Also, it'll eventually get censored like everything else in China, so 'doing better than Baidu' is probably temporary.
"Unknown" is not an insult. It's not rude. It just means that he was not prominent before this company. It's actually somewhat of a compliment, because you generally expect gradual rises in fame and performance, not meteoric ones. So to say "unknown X does great thing Y" is more complimentary to X than saying "X does great thing Y".
Re: Bytedance said to be valued at over $75B in new round
#16Here's me, wandering around the internet for multiple decades now. Tuning into Slashdot for maybe 10 years, HN for about 5 years, I'm tuned into pretty much all of the new school recent developments and current events, across a wide range of technologies, and I've never heard of this particular company, neither heard nor used of any of its products, nor heard mention of any of them, until right now, today, and it's the most valuable startup ever, worth 75B for no reason, with a website that does nothing.
Okay, Bloomberg. Thanks for cluing me in. Maybe you could have dropped this news on me when it was worth a billion. Or maybe when even one of its products gained a bit of inertia? No? Not really? Okay. No problem.
Re: Bytedance said to be valued at over $75B in new round
#17> 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?
Ahhh so that's what it is ... There is a tons of ads for musical.ly on youtube these days and I wondered who was burning so much cash to acquire users
Re: Bytedance said to be valued at over $75B in new round
#18>35-Year-Old Unknown First of all, that's rude. Second, if they have a $75b valuation and no profit plan, that's not likely a good sign. I doubt China's P2P and venture capital markets are related, but I'd bet they gave a high valuation just to grab headlines. Also, it'll eventually get censored like everything else in China, so 'doing better than Baidu' is probably temporary.
Actually, the profit plan has been going very well and straight forward - ADs.
Re: Bytedance said to be valued at over $75B in new round
#19I read once that they pay over 2M+ USD as an annual salary to entry level employees. I'm sure they're exceptional and talented, but still crazy to think about.
Re: Bytedance said to be valued at over $75B in new round
#20Almost everyone who created a giant tech company is an "unknown" when they started. Few exceptions are Musk and Benioff.