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Re:ByteDance investors value TikTok at $50B in takeover bid by jbob2000 on Wednesday July 29, 2020 @10:35AM (#23987088)
They're making money until they aren't. OnlyFans is sweeping a large amount of adult models off of Snapchat. Everyone is doing disappearing content, stories, and photo filters. The only thing they have left are the contracts they signed with companies and creators when they were in their heyday.
Re:ByteDance investors value TikTok at $50B in takeover bid by coralreef on Wednesday July 29, 2020 @10:45AM (#23987213)
They make money from advertising to end users. They have consecutive quarterly growth and are at an all time high for DAU:

https://www.statista.com/statistics/545967/snapchat-app-dau/