Sources: Clubhouse is in talks to raise funding from investors in a round valuing the business at about $4B, following its reported valuation of ~$1B in January
quadruple what it was allegedly worth just three months ago: https://www.bloomberg.com/... Mark Bergen / @mhbergen : Perhaps now this scrappy, penurious startup can afford an android engineer. https:/...
Profile of Pinduoduo founder Colin Huang, from his early startup endeavors to creating a $100B+ social commerce giant successfully challenging Alibaba and JD
Turner Novak / Turner's Blog : Tweets: @alexmaleki , @lennysan , @adamdawood , @ruima , and @meysamtweets Tweets: Alex Maleki / @alexmaleki : “a digital TJ Maxx”. 5 years to $100B https://twitter.com...
Sources: TikTok's owner ByteDance had revenue of ~$5.64B in the January-March quarter, up 130% YoY
Reuters : Tweets: @turnernovak and @alex Tweets: Turner Novak / @turnernovak : ByteDance reported Q1 revenue of $5.6b, up 130% YoY (was up 127% in Q4 '19) “In January, six of the 10 most popular apps...
Snap reports Q2 revenue of $388M, up 48% YoY, vs. $359.7M est., DAUs of 203M, up 8% YoY, and that its net loss shrunk from $353M to $255M YoY; stock jumps 13%+
Snap Inc. has been slowly righting its ship recently … Chance Miller / 9to5Mac : Snap reports strong Q2 earnings, beating revenue and daily active user expectations Tweets: Meg Graham / @megancgraham ...