Learning Resource Thumbnail

The Rise of TikTok and Understanding Its Parent Company, ByteDance

In November of 2017, Bytedance acquired Musical.ly for $1 billion. In August of 2018, Bytedance officially rebranded Musical.ly and TikTok into one app. Shortly after, ByteDance raised $3 billion and was valued at ~$75 billion. Analysts estimate its 2019 revenue was anywhere from
Article - less than 15 minutes

In depth story of Tik Tok and Bytedance’s stellar rise