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You are misled by the title... ByteDance's overwhelming revenue is from non-TikTok sources, i.e., all JinRiTouTIao, DouYin, and other minor properties. The tit
by justicezyx 5y ago
You are misled by the title...
ByteDance's overwhelming revenue is from non-TikTok sources, i.e., all JinRiTouTIao, DouYin, and other minor properties. The title wants you to think it related to TikTok as it was one of the most controversial news pieces in 2020.
TikTok's financial success is still very uncertain.
ByteDance is facing a weak BIDU (note Alibaba do not have much Ads business, and Tencent has a different walled garden), while here they are facing FB & Google in US.
- hn_throwaway_99 5y ago> TikTok's financial success is still very uncertain. I would take that bet any day of the week and twice on Fridays. TikTok has a massive, growing user base with engaging content on a platform that people generally like. I find it hard to believe they would succeed so massively in their app design and recommendation algorithms and then fail at monetization, which at this point is the trivial part. I don't know what BIDU means.
- justicezyx 5y agoBIDU is baidu's stock tick For any spectacularly failed startup, there have been ardent supporters who uttered words no less enthusiasm than yours. When I say their future are uncertain, I mean that it's more uncertain than one might expect, based on DouYin's success in China. One evidence I raised, is that competitors here are much stronger. Plus, you might not believe it, CCP is more friendly to big tech than US government...