Sources: ByteDance may get ~50% of TikTok US' overall profit, including a licensing fee of 20% of revenue, despite selling majority ownership to US investors
TikTok's Chinese parent company will likely get about half of the profit from the platform's US operation even after it sells majority ownership …
This morning's newsletter suggested that the TikTok algo “license” from ByteDance might really be a royalty. Seems like it is, which changes the math. Also adds to the “cooperation” issue. https://www.bloomberg.com/...