I tried to buy a Ferrari F550 but the salesman kicked me out when I offered him $300.
$500M is nothing to sneeze at, but that is like 3 orders of magnitude less than TikTok’s value.
$500M is nothing to sneeze at, but that is like 3 orders of magnitude less than TikTok’s value.
Top hit [1] says $200 billion, which is little more believable, but unlike Meta, TikTok has real competition across its entire surface, Meta can leverage its other monopolies and I’m not sure TikTok will be the first social network ever to avoid being encircled, outlasted, and strangled by Menlo Park.
[1] https://apnews.com/article/tiktok-buyers-divestment-ban-8429...
I think TikTok is currently in the too valuable to measure state. It can literally be used (and some say it has already been used) to drastically influence politics in other countries.
The revenue generated is literally nothing at this stage in my opinion. China would be more than happy to spend billions at a loss if it means it can keep the same reach.
>I’m not sure TikTok will be the first social network ever to avoid being encircled, outlasted, and strangled by Menlo Park.
TikTok’s growth has been massive - but you may be right only because Meta decided to get the teacher to change the rules; not because Meta was able to out execute TikTok