Sources: TikTok has recently traded at valuations of between $105B and $110B on private markets and, one source says, even as high as $140B
Bloomberg : Tweets: @lisaabramowicz1 , @stevekovach , @gregorhunter , @msnabilaahmed , @lucas_shaw , @ruima , @deemurthy , @daniburgz , @davidinglestv , @pingroma , and @chrisgailus Tweets: Lisa Abramowicz / @lisaabramowicz1 : Traders are betting that TikTok is the new Facebook. https://www.bloomberg.com/... Steve Kovach / @stevekovach : Regular reminder that private valuations mean almost nothing https://www.bloomberg.com/... Gregor Stuart Hunter / @gregorhunter : Although it's hard to compare like-for-like, this is four times the market capitalisation of either Twitter or Snap and about one-sixth the market cap of Facebook. https://twitter.com/... Nabila Ahmed / @msnabilaahmed : The world's most valuable startup: TikTok owner's value exceeds $100 billion, with some investors putting it at as much as $140 billion, as market bets it'll displace Facebook as leading social network. https://www.bloomberg.com/... @BloombergDeals https://twitter.com/... Lucas Shaw / @lucas_shaw : ByteDance (the owner of TikTok) is now worth more than $100 billion, or 2X Snapchat and Twitter combined. Scoop from @luluyilun @pingroma https://www.bloomberg.com/... Rui Ma / @ruima : “The trading of ByteDance is reflective of the global wave of consumers who agree that ByteDance can displace Facebook as the leading social network.” Private trades: $105-$140Bn 👀 https://www.bloomberg.com/... via @business @luluyilun Dee Murthy / @deemurthy : They are now valued half as much as Disney & just hired a nice American CEO, get ready this is going to get crazy https://twitter.com/... Dani Burger / @daniburgz : Hey Softbank, I fixed your slide for you. https://www.bloomberg.com/... https://twitter.com/... David Ingles / @davidinglestv : WOW. ByteDance (TikTok owner) now valued at more than $100 billion https://www.bloomberg.com/... Zheping Huang / @pingroma : Sources: ByteDance's valuation has surpassed $100 billion in recent private share transactions. TikTok owner is in no rush for an IPO as it's well-funded. Still in the lookout for a CFO. https://www.bloomberg.com/... w/ @luluyilun & Vinicy Chan Chris Gailus / @chrisgailus : Well thank goodness we still value important things. https://twitter.com/...
Bloomberg
Discussion
@lisaabramowicz1
Lisa Abramowicz on x
Traders are betting that TikTok is the new Facebook. https://www.bloomberg.com/...
@stevekovach
Steve Kovach on x
Regular reminder that private valuations mean almost nothing https://www.bloomberg.com/...
@gregorhunter
Gregor Stuart Hunter on x
Although it's hard to compare like-for-like, this is four times the market capitalisation of either Twitter or Snap and about one-sixth the market cap of Facebook. https://twitter.com/...
@msnabilaahmed
Nabila Ahmed on x
The world's most valuable startup: TikTok owner's value exceeds $100 billion, with some investors putting it at as much as $140 billion, as market bets it'll displace Facebook as leading social network. https://www.bloomberg.com/... @BloombergDeals https://twitter.com/...
@lucas_shaw
Lucas Shaw on x
ByteDance (the owner of TikTok) is now worth more than $100 billion, or 2X Snapchat and Twitter combined. Scoop from @luluyilun @pingroma https://www.bloomberg.com/...
@ruima
Rui Ma on x
“The trading of ByteDance is reflective of the global wave of consumers who agree that ByteDance can displace Facebook as the leading social network.” Private trades: $105-$140Bn 👀 https://www.bloomberg.com/... via @business @luluyilun
@deemurthy
Dee Murthy on x
They are now valued half as much as Disney & just hired a nice American CEO, get ready this is going to get crazy https://twitter.com/...
@daniburgz
Dani Burger on x
Hey Softbank, I fixed your slide for you. https://www.bloomberg.com/... https://twitter.com/...
@davidinglestv
David Ingles on x
WOW. ByteDance (TikTok owner) now valued at more than $100 billion https://www.bloomberg.com/...
@pingroma
Zheping Huang on x
Sources: ByteDance's valuation has surpassed $100 billion in recent private share transactions. TikTok owner is in no rush for an IPO as it's well-funded. Still in the lookout for a CFO. https://www.bloomberg.com/... w/ @luluyilun & Vinicy Chan
@chrisgailus
Chris Gailus on x
Well thank goodness we still value important things. https://twitter.com/...