Re:ByteDance investors value TikTok at $50B in takeover bid
by mikeg8 on Wednesday July 29, 2020 @07:42PM
(#23992775)
The space will get stale, people move on, trends change. Snap generated 1.7B in revenue FY2019. People were hyping it up the same way years ago.
IG made 20B in 2019, but it's revenue strategy may not work for Tik Tok's demographic. I'd like to see them capitalize a little more before claiming they should be worth 300B.
IG made 20B in 2019, but it's revenue strategy may not work for Tik Tok's demographic. I'd like to see them capitalize a little more before claiming they should be worth 300B.