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I wonder why they didn't buy TikTok when it was starting to become popular like they did with Instagram or Whatsapp. Maybe they thought it was going to fail li
by pier25 5y ago
I wonder why they didn't buy TikTok when it was starting to become popular like they did with Instagram or Whatsapp.
Maybe they thought it was going to fail like Vine and other short video platforms.
- prostoalex 5y agoConsidering the amount of gov-relations it took for Giphy acquisition https://currently.att.yahoo.com/att/metas-acquisition-giphy-set-blocked-123626666.html https://currently.att.yahoo.com/att/metas-acquisition-giphy-... it just seems very likely that a TikTok purchase would be blocked by at least one regulator.
- rkk3 5y ago> I wonder why they didn't buy TikTok when it was starting to become popular like they did with Instagram or Whatsapp. ByteDance was a large company before TikTok and had other successful products. TikTok actually developed out of a billion dollar acquisition Bytedance made[1]. It wasn't for sale. Sort of like how Tinder wasn't for sale because it was owned by IAC (Match, OkCupid). Also regulatory environment in the US and in China would make it unfeasible. [1] https://en.wikipedia.org/wiki/ByteDance https://en.wikipedia.org/wiki/ByteDance
- cercatrova 5y agoI remember when it was still Musical.ly, man I'm old
- ssully 5y agoYup. I remember my younger cousin showing me Musical.ly and thinking how horrible the app seemed. Should have realized she was ahead of the curve!
- netheril96 5y agoTencent wanted to buy Bytedance, the company who made TikTok. The founder of Bytedance refused. Surely he would refuse Facebook too.
- samfisher83 5y agoEven if US govt allowed FB to buy tiktok, there is no way ccp would approve the deal. They have a board seat.