TikTok has recently traded at valuations of $105-110B on private markets

Re:TikTok has recently traded at valuations of $105-110B on ... by Barrin92 on Wednesday May 20, 2020 @05:37PM (#23252099)

> has a track record of jumping from platform to platform

do they really though? It honestly seems like particular brands are very sticky with internet demographics, not just young people.

IIRC there even is more brand loyalty among ecommerce than there is among physical brick and mortar stores.

You can look at something like Whatsapp as well. There have been lots of privacy concerns after the acquisition by Facebook but the number of people who actually switch to say, Signal is very low. There are huge network effects to these social media / communications platforms, and TikTok already has 1.5 billion users worldwide.

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Re:TikTok has recently traded at valuations of $105-110B on ... by TheAdamAndChe on Wednesday May 20, 2020 @05:47PM (#23252266)

In my experience, the claim that the younger generation hops around is fair. I'm 26. Between the ages of 15 and now, my primary social media platform has hopped between Myspace, Facebook, Reddit, 4chan, YouTube, some diary site, PSN(PlayStation Network), Hacker News, and probably others. I've dipped my toes into countless other ones. I've kind of stopped hopping around as much, but other people my age still hop between newer ones like Instagram, tiktok, and others.

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Re:TikTok has recently traded at valuations of $105-110B on ... by searchableguy on Wednesday May 20, 2020 @06:59PM (#23253011)

That isn't true. Outside of teens in tech or nerdy places, most won't switch to the next hyped thing. I have been trying to get people on session and pleroma but most of them don't care.

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Re:TikTok has recently traded at valuations of $105-110B on ... by redis_mlc on Wednesday May 20, 2020 @06:46PM (#23252892)

> I've kind of stopped hopping around as much

So at 26, you're getting old? :)

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Re:TikTok has recently traded at valuations of $105-110B on ... by Izkata on Wednesday May 20, 2020 @06:15PM (#23252606)

> some diary site

LiveJournal?

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Re:TikTok has recently traded at valuations of $105-110B on ... by TheAdamAndChe on Wednesday May 20, 2020 @06:24PM (#23252679)

Nah, some other one. I know what it is, but I don't want it to leak in case someone associates this account with my real identity.

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Re:TikTok has recently traded at valuations of $105-110B on ... by chosenbreed37 on Wednesday May 20, 2020 @05:50PM (#23252317)

1.5 billion users already. That's staggering!

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