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Bytedance said to be valued at over $75B in new round

bloomberg.com

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Re: Bytedance said to be valued at over $75B in new round

#121

Post by nolok »

emptybits wrote: post #45

ByteDance also made news for "highest salaries in the world" and "unlimited salary for unlimited talent". $1M USD salaries plus options. https://www.washingtonpost.com/news/on-small-business/wp/201... https://www.bloomberg.com/news/articles/2017-09-24/in-battle...

Well,frankly it's "easy" when you don't make a profit and rely on investor money rather than balanced account.

Re: Bytedance said to be valued at over $75B in new round

#122

Post by ObsoleteNerd »

ranie93 wrote: post #8
andruby wrote: post #2

I feel like I've been living under a rock. I've never heard of Bytedance. Is it mostly unknown in the western world?

This was helpful: http://bytedance.com/products/

Ironically not, because their site hasn't loaded for the last 5 minutes that I've been trying to figure out what they are.

Maybe they should spend some of that money on Cloudflare.

Re: Bytedance said to be valued at over $75B in new round

#123

Post by nolok »

bennesvig wrote: post #102
nolok wrote: post #17

Earlier quoted context omitted.

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

You likely mean ads for TikTok which Musically merged into after being acquired.

It shows as something like "TikTok with musical.ly" yes. I honestly don't know what either of those are so I apologise for the confusion.

I'm French, but my account is set as english / US.

Re: Bytedance said to be valued at over $75B in new round

#124

Post by idrios »

FLUX-YOU wrote: post #9

>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.

Right? "Sorry this is only my first multi-billion dollar startup. I guess I need to start a second to merit having a name in your headline."

Re: Bytedance said to be valued at over $75B in new round

#126

Post by dingdingdang »

This has got to set some sort of record for dubious valuations; effectively means that the worth of this particular vaguely AI related video/news business is worth a 12th of the entire bailout package that saved the UK banking-industry in 2008*

* https://en.wikipedia.org/wiki/2008_United_Kingdom_bank_rescu...

Re: Bytedance said to be valued at over $75B in new round

#128

Post by Gruklair »

decimalplace wrote: post #53
plink wrote: post #35

Thanks to this article I'm now aware that Musically is Chinese. That's all the info I need to explain to my kid why it needs to be deleted from her phone. Thank you, Bloomberg!

Are you ethnically Chinese yourself (but identify with HongKongers / Taiwanese)? Cos its a typical response from people from hk or tw

He is from Sweden. They don’t like Chinese people there.

Re: Bytedance said to be valued at over $75B in new round

#129

Post by raverbashing »

cm2187 wrote: post #41
superasn wrote: post #7

> 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?

The TV show Silicon Valley explained it all! https://www.youtube.com/watch?v=BzAdXyPYKQo

Painfully right
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