This is only for TikTok US, which represents about 4% of their user base, but around 36% of their revenue. 45% of adults in the US are active users of TikTok, so it is still a bargain.
according to some sources TikTok US generates $10B.
14B for 10B revenue is a steal. Snapchat generates less revenue (~6-7B), with stalled growth, costs 14B in public markets
Crazy! They'll eventually take it public and make at least 10x on that IPO
That seems like a steal, given that other major social media companies are pushing the trillion-dollar range.
is this the most transparent form of grift ever seen? TikTok valuation must be upwards of $60B+
Not all of TikTok, only the American stuff.
Bytedance was recently valued at $330B. $14B is ridiculous.