THE HUSTLE - Jan 28 - The revenue of TikTok's parent company, ByteDance doubled to ~$37B in 2020. ByteDance is currently valued at $180B, but when it goes public - which it wants to do in 2021 - it will likely skyrocket based on 2 comparisons. Facebook, Despite having ~½ of FB's revenue ($37B vs. $79B), it’s valued at ~¼ of the American social network ($180B vs. $800B). Kuaishou, A competing Chinese social app is aiming for a $60B IPO on ~$4B of revenue; at the same market value-to-sales ratio, ByteDance would be worth $500B+.
by Trung T. Phan
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