Beijing Bytedance founder tries $1M pay for engineers

Re:Beijing Bytedance founder tries $1M pay for engineers by noobermin on Friday October 06, 2017 @09:20AM (#15416546)

An aside, but why is an aggregator valued so much more (factors above!) the actual originator of information and actual reporters on the ground? Merely the market is larger (being China) or what? Absent of context, such valuations appear to outsiders as just another bullet point under the skepticism there is around the validity of such valuations.

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Re:Beijing Bytedance founder tries $1M pay for engineers by antonvs on Friday October 06, 2017 @10:35AM (#15417070)

I believe the logic is that "the actual originator of information and actual reporters on the ground" have a much less direct monetary relationship with the customers.

Whether that's valid or not is a separate question, but it has more to do with how the money flows than who produces what.

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Re:Beijing Bytedance founder tries $1M pay for engineers by Geekette on Friday October 06, 2017 @09:52AM (#15416748)

I wondered as much, given how easy it is to aggregate (vs create) content. Relative first mover, first dazzler advantage, I guess.

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Re:Beijing Bytedance founder tries $1M pay for engineers by dis-sys on Friday October 06, 2017 @09:26AM (#15416589)

and it is not a good aggregator, most content suggested by their app is of low quality when compared to content you can find on other Chinese apps, e.g. zhihu.

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