21–30 of 193 posts
Worlds most valuable dog shit on a stick isn't something anyone cares about, regardless of how much someone says its worth.
Similarly that dog shit on a stick doesn't make it's owner any money.
So. What exactly is the difference?
I 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.
>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.
>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.
Real question: Is there some social etiquette rule that says describing a person to a news audience as "unknown" is being rude? Honestly, I've never heard of that.
If I created a billion dollar company and Bloomberg called me "an unknown", I'd consider it a massive compliment. It means that I was able to grow the company totally under the radar without any distracting interview requests from TechCrunch, TheVerge, Gizmodo, etc.
> 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
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/
You and the other person calling it a compliment are either the same person, or you're both social robots who think referring to human beings as Unknowns is a nice way to treat a person.
Just use his name in the headline, how hard is that?!
The company is a click bait companies. The innovation they made is to use ml or automation to generate and push content that users are likely to click.
Here'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 t…
> 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?
You understand business, just not the shell-game that's grown up around it.