ByteDance investors value TikTok at $50B in takeover bid

Re:ByteDance investors value TikTok at $50B in takeover bid by basseq on Wednesday July 29, 2020 @10:23AM (#23986979)

Also, from the article:

"The investors’ bid values TikTok at 50 times its projected 2020 revenue of about $1 billion..."

So that's a projected revenue growth of 465%. That's still projected, but a big number.

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Re:ByteDance investors value TikTok at $50B in takeover bid by rydre on Wednesday July 29, 2020 @10:53AM (#23987298)

Projected revenue for 2021 is $6b. $50B valuation is robbery at day sight by investors. TikTok's China sibling Douyin is projected to make $28 billion this year in China.

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Re:ByteDance investors value TikTok at $50B in takeover bid by pjc50 on Wednesday July 29, 2020 @11:17AM (#23987566)

Astonishing - I take it tiktok is quite heavy on video advertising then? I'm surprised to see the advertising market be so lucrative within China.

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