Social-Media App Musical.ly Is Acquired for as Much as $1B

Re:Social-Media App Musical.ly Is Acquired for as Much as $1B by rki9191 on Thursday November 09, 2017 @11:59PM (#15668047)

$1Billion for Musical.ly? Did people even use the app?

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Re:Social-Media App Musical.ly Is Acquired for as Much as $1B by samschooler on Friday November 10, 2017 @08:37AM (#15669760)

Its currently #58 on the app store. They are getting at least 150,000 downloads a month [1].

[1] https://www.quora.com/How-many-downloads-do-I-need-in-the-Ap...

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Re:Social-Media App Musical.ly Is Acquired for as Much as $1B by throwappstore91 on Friday November 10, 2017 @03:04PM (#15672515)

At least 150k a month is an understatement. My app ranks around ~ 150 in Photo & Video (musical.ly is #6 in that category) and get that many downloads a month. Musical.ly must have at least 1-2M download a month for that ranking.

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Re:Social-Media App Musical.ly Is Acquired for as Much as $1B by samschooler on Friday November 10, 2017 @06:49PM (#15674081)

Thanks for the input! I searched around quickly and couldn’t find a reliable current source.

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Re:Social-Media App Musical.ly Is Acquired for as Much as $1B by Ravikiran on Friday November 10, 2017 @12:15AM (#15668101)

One of those few apps which cracked the teen and tween (as they call it) market

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Re:Social-Media App Musical.ly Is Acquired for as Much as $1B by camillomiller on Friday November 10, 2017 @03:31AM (#15668681)

don’t underestimate how much investors value products that look like they’ve cracked the gen z riddle

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Re:Social-Media App Musical.ly Is Acquired for as Much as $1B by dusing on Friday November 10, 2017 @12:11AM (#15668087)

It was Snapchat for kids

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Re:Social-Media App Musical.ly Is Acquired for as Much as $1B by icebraining on Friday November 10, 2017 @04:22AM (#15668823)

I thought Snapchat was the Snapchat for kids?

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Re:Social-Media App Musical.ly Is Acquired for as Much as $1B by angus-prune on Friday November 10, 2017 @10:25AM (#15670443)

Snapchat was snapchat for kids, but then the kids grew up.

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