$50B seems too low for TikTok. It could be atleast as big as Facebook in the next five years.
$200B min if investors are serious.
$200B min if investors are serious.
Something better could come along from an existing or new competitor, the ad platform may not come together, interest could decline when lifestyles change, they could try a bold new idea that doesn't work out or make other mistakes, etc.
Everyone young uses tiktok. It's much bigger than snap could have ever hoped. TikTok is FAANG tier company.
If I were the founder, I'd go the Chinese government and ask them to ban Tesla and put tariff on Apple in retaliation. Tell the U.S. to play free market like they claim. Or lost access for it's companies.
TikTok deserves it's success fully. It's very unfair that the U.S. government is insistent on blocking it. It's not a monopoly. It's not a dirty company. Virtually all of its "privacy violations" are the same violations done by Google, Facebook. Break up BigTech instead of hitting a creative startup.
Huawei is way more valuable to the Chinese government, and they didn't ban US companies in retaliation either.
Side note: Douyin features are way ahead of TikTok. e.g. https://youtu.be/yyeO7EUciIQ
That's probably because they've already been banning American companies for years if they posed any potential thread to Communist control.
But if that is your opinion then don't come crying to the rest of the world, when they do the same exact thing to Chinese corporations that China has been doing to others, for decades.
Fair is fair.
And frankly I doubt the correctness of the statement altogether. There are a ton of American companies operating in China, much more than the number of banned ones. How many US companies does China really ban?
What all these comments about 'fairness' also don't mention is that under the WTO rules, developing nations (which China officially is) are allowed to take protectionist measures.
There are huge restrictions by China in American corporations.
You should look this up, if you are unfamiliar.
It is well accepted that there are many more restrictions, in comparison to say if an American corporation wanted to enter the EU market or something.
This is common knowledge, and it is easy to look this stuff up.
> are allowed to take protectionist measures.
And America is allowed to retaliate against them.
China can do what they want, but if they come crying to everyone else when other countries retaliate, nobody should expect others to take such complaints seriously.
Interestingly, you'd think that, but it's dead wrong. I'd say about a quarter of people actually use tick tock, compared to almost all using instagram or snap chat. There's a "subculture" of people that use it and are massively active, and most others don't use it at all. This strikes me as a massive impediment to tick tock's growth in America: it's entirely captured a specific group but has made essentially no inroads with any other.
> It's not a monopoly.
This is a straw-man; no one is saying it is. People are saying it's a national security risk.
> Virtually all of its "privacy violations" are the same violations done by Google, Facebook.
Well, I'm less sure of what tick tock does with data than either of those, so maybe better the devil you know? The concern is that at least at least FAANGs can be sued in a court of competent jurisdiction, whereas tick tock is based in an autocracy that is deeply opposed to the concept of freedom and means to make itself the foremost world power by any means necessary.
They said everybody young uses tiktok. While that's obviously an exaggeration it currently is the number 1 most downloaded app on iOS and Android by quite a long way.
It's only 300M behind the all time number of Instagram downloads on all platforms (1.8B vs 1.5B) and is growing at 4x the rate of Instagram.
https://mediakix.com/blog/top-tik-tok-statistics-demographic...
I'm speaking as a very young person, there seems to be a small group (about a quarter) who uses tick tock avidly. This is borne out by the data I could find, which showed approximately 22% usage among young people: https://morningconsult.com/form/more-young-teens-use-tiktok-...
She absolutely can if you are of any interest to her. See this talk by FBI director Christopher Wray that discusses Chinese influence operations against Americans: https://www.c-span.org/video/?473658-1/fbi-director-wray-chi...
China has already been doing stuff like this for decades.
It is about time that the US started doing the same thing back, when it makes sense to do so.