The interesting thing is that these platforms come and go. One year it’s Vine, another year it’s Snap, now it’s TikTok. ByteDance bought musically for $1B in 2017 and turned it into Tok.
3 years later, it’s grown like crazy because it’s the latest fad and would be smart for them to cash out before the next new thing hits
The whole divestment thing is probably a godsend for ByteDance, “forcing” them to liquidate their stake, but in reality let’s them cash out on an overhyped app that’s easy to copy
3 years later, it’s grown like crazy because it’s the latest fad and would be smart for them to cash out before the next new thing hits
The whole divestment thing is probably a godsend for ByteDance, “forcing” them to liquidate their stake, but in reality let’s them cash out on an overhyped app that’s easy to copy
Must be laughing all the way to the bank