News for hackers. Stuff that matters.
Re:ByteDance investors value TikTok at $50B in takeover bid by nl on Wednesday July 29, 2020 @09:49AM (#23986612)
It's a bit amusing to see all the "suffer Snapchat's fate" comments here.

Snapchat has recovered from the low point at the end of 2018 when FB/Insta had copied the stories feature and all seemed lost. Their traffic is up, stock is up and revenue is growing quickly again ($1.18B in 2018 -> $1.72B in 2019).

Re:ByteDance investors value TikTok at $50B in takeover bid by andreilys on Wednesday July 29, 2020 @11:48AM (#23988031)
It’s still below its 2017 ipo price and its EBITDA is almost -$1B.
Re:ByteDance investors value TikTok at $50B in takeover bid by 3FBD4FDE on Thursday July 30, 2020 @05:30AM (#23996172)
Snapchat IPO shares were priced at 17$. It's trading at 22.59 as I type this.
Re:ByteDance investors value TikTok at $50B in takeover bid by andreilys on Thursday July 30, 2020 @11:46AM (#23999519)
Sure it was shopped around at $17 but soared to $27 on it's first day and has been below that ever since