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If TikTok is truly banned on Sunday and no action is taken to stop it, the company’s value could drop significantly—perhaps by as much as 90%. This raises an e

by tlogan 2y ago

If TikTok is truly banned on Sunday and no action is taken to stop it, the company’s value could drop significantly—perhaps by as much as 90%. This raises an even bigger question: Who really owns TikTok? Who is the true decision-maker behind the scenes? Who is so wealthy and powerful that they’re willing to let $100 billion vanish? The answer to that question will be more obvious.

lmm 2y ago
> Who really owns TikTok? Who is the true decision-maker behind the scenes? Who is so wealthy and powerful that they’re willing to let $100 billion vanish? They're hardly "letting" it happen. What exactly can you do when the US government decides they want to smash your business and take your stuff?
- rsanek 2y ago
  you sell it?
Alifatisk 2y ago
You really believe their value could drop by 90% because of this? 90%!!!
- _fat_santa 2y ago
  Maybe not by 90% but by a significant amount. Just doing a quick google for the userbase of TT by country and the US is the largest market with ~113M users [1]. What would happen to any company if their largest userbase just vanished overnight? [1]: https://worldpopulationreview.com/country-rankings/tiktok-users-by-country https://worldpopulationreview.com/country-rankings/tiktok-us...
  - hwillis 2y ago
    It's less than 7% of their total users. The US is not that big compared to the whole world.
    - ktta 2y ago
      But that may be where most of the revenue comes from
      - hwillis 2y ago
        Then why are they serving 93% of their customers, especially when there is low overlap between those users? 90% of the american feed was american tiktoks.
- tlogan 2y ago
  They don’t publish detailed numbers (they’re very secretive about it, and whatever they do share is likely influenced by the looming ban so it not be trusted). However, estimates suggest that their U.S. revenue is around $10 billion, while their worldwide revenue is approximately $12 billion.

by tlogan 2y ago

lmm 2y ago

> Who really owns TikTok? Who is the true decision-maker behind the scenes? Who is so wealthy and powerful that they’re willing to let $100 billion vanish? They're hardly "letting" it happen. What exactly can you do when the US government decides they want to smash your business and take your stuff?

rsanek 2y ago
you sell it?

Alifatisk 2y ago

You really believe their value could drop by 90% because of this? 90%!!!

_fat_santa 2y ago
Maybe not by 90% but by a significant amount. Just doing a quick google for the userbase of TT by country and the US is the largest market with ~113M users [1]. What would happen to any company if their largest userbase just vanished overnight? [1]: https://worldpopulationreview.com/country-rankings/tiktok-users-by-country https://worldpopulationreview.com/country-rankings/tiktok-us...
- hwillis 2y ago
  It's less than 7% of their total users. The US is not that big compared to the whole world.
  - ktta 2y ago
    But that may be where most of the revenue comes from
    - hwillis 2y ago
      Then why are they serving 93% of their customers, especially when there is low overlap between those users? 90% of the american feed was american tiktoks.
tlogan 2y ago
They don’t publish detailed numbers (they’re very secretive about it, and whatever they do share is likely influenced by the looming ban so it not be trusted). However, estimates suggest that their U.S. revenue is around $10 billion, while their worldwide revenue is approximately $12 billion.