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Before people jump to conclusions, if you look at the details there seems to be a plan for a major profit sharing and licensing agreement with Bytedance. The nu
by talbo888 1y ago
Before people jump to conclusions, if you look at the details there seems to be a plan for a major profit sharing and licensing agreement with Bytedance. The numbers floated around are that 50% of the profit would go to Bytedance plus.
This would significantly impact its valuation to outside investors.
- didntknowyou 1y agoit was always more about control than making profit tbh