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First released to the public in September 2017, TikTok is a video-sharing social networking service [80] used to make short-form videos, from genres like dance, comedy, and education. [81] [82] On 9 November 2017, ByteDance acquired Shanghai-based social media start-up Musical.ly for up to US$1 billion.
ByteDance, the parent company of the globally popular app TikTok, has set its valuation at a whopping $300 billion. This marks one of the highest valuations the company has seen to date. What ...
If ByteDance won’t budge on a sale, the ban will go into effect. ... For creators who love sharing their latest fashion finds, it’s easy to make money from engagement, content-related sales ...
Zhang focused on expanding ByteDance globally, as opposed to other Chinese tech CEOs who focused on domestic growth of their companies. [13] He insisted that ByteDance's workplace productivity app Lark be targeted at the American, European and Japanese markets, rather than limiting the focus to China as originally proposed. [14]
The firm invested $5 million into ByteDance, the parent company of TikTok, in 2012 when ByteDance was founded. As of 2020, its stake in ByteDance represented 15 percent of its fully-diluted capitalization table and was valued over $15 billion on paper. [13] In 2013, SIG acquired G1 Execution Services LLC (G1X) from E-Trade. [14]
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In September 2023, The Wall Street Journal reported that Yass, an investor in TikTok's parent firm ByteDance, is a major donor to US politicians who have opposed restrictions on TikTok. [34] After Yass and Trump met in March 2024 at a Club for Growth event, Trump went from supporting a ban on TikTok to opposing a ban.
The causes and candidates Yass gives money to have nothing to do with TikTok, the person said, at least not necessarily. For example, Yass donated $6 million in December in support of Texas ...