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Do you recall some of the past ones, and how often they launch stuff?
by donohoe 3y ago
Do you recall some of the past ones, and how often they launch stuff?
- senttoschool 3y agoBut ByteDance has actually churned out one wildly successful product after another — among them its initial hit, Toutiao, the most popular news app in China, which today has 320 million monthly active users, and Douyin, a short-video app that preceded TikTok. Respectively, Toutiao and Douyin account for 20% and 60% of the company’s total advertising revenues. Harvard Business Review did a case on how ByteDance operates: https://hbr.org/2022/02/how-bytedance-became-the-worlds-most-valuable-startup https://hbr.org/2022/02/how-bytedance-became-the-worlds-most... They make a lot of apps. Most don't work. They move on. When one shows signs of working, they pour resources into it.