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A comment on Meta shares drop 20% on Q4 earnings miss, weak outlook. Parent comment

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by rkk3 on Wednesday February 02, 2022 @08:55PM (#30187389)
> I wonder why they didn't buy TikTok when it was starting to become popular like they did with Instagram or Whatsapp.

ByteDance was a large company before TikTok and had other successful products. TikTok actually developed out of a billion dollar acquisition Bytedance made[1]. It wasn't for sale. Sort of like how Tinder wasn't for sale because it was owned by IAC (Match, OkCupid).

Also regulatory environment in the US and in China would make it unfeasible.

[1] https://en.wikipedia.org/wiki/ByteDance

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Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by cercatrova on Wednesday February 02, 2022 @09:27PM (#30187688)
I remember when it was still Musical.ly, man I'm old
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Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by ssully on Thursday February 03, 2022 @04:28PM (#30199153)
Yup. I remember my younger cousin showing me Musical.ly and thinking how horrible the app seemed. Should have realized she was ahead of the curve!
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