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ByteDance investors estimate that TikTok lost several billion dollars in 2023 on revenue of roughly $20 billion. This raises questions about how a potential ban on TikTok would impact ByteDance's financial performance and valuation. Some investors believe that without TikTok's losses, ByteDance's overall financial position would be stronger, potentially leading to a cleaner path to an IPO.
What's TikTok worth? My math is you apply Meta's 7x revenue multiple to TikTok's US business which implies a valuation of around $100B. Former Treasury Secretary Steven Mnuchin said on CNBC today he is putting together an investor group to try to buy TikTok. While it a big… https://t.co/4WB1CmN7Bl
As the #tiktokban bill sailed through the House, we took a step back and examined why #TikTok was losing billions when Douyin already raked in dozens of billions each year. Here's what we found out: -Higher operational & labor costs -Cash burning new initiatives like TikTok…
ByteDance investors reassessing what the company's value would be without TikTok, estimate that TikTok lost several billion dollars in 2023 on revenue of ~$20B (The Information) https://t.co/6cI2hk0zV5 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/65W5I3q8rj
