Luca 🔨 on Nostr: Bytedance (Tiktok parent company) offered investors $181 per share to buy some of ...
Bytedance (Tiktok parent company) offered investors $181 per share to buy some of them back in November 2024. That's a valuation of around $300 billion. Tiktok has slightly more users (1 billion monthly active users) than their app Douyin for the Chinese market (750 M MAU). Price for Tiktok should be around $200 billion.
Twitter was sold for $44 billion. Today X Corp is valued at less than $10 billion.
Even though Musks net worth is at $400 billion, he won't be able to make enough of it available to buy Tiktok. After his destruction of Twitter, no investor/bank who is in it for the money, would support him. But there is enough capital that's not after money but power. And power can be used to extract money.
Twitter was sold for $44 billion. Today X Corp is valued at less than $10 billion.
Even though Musks net worth is at $400 billion, he won't be able to make enough of it available to buy Tiktok. After his destruction of Twitter, no investor/bank who is in it for the money, would support him. But there is enough capital that's not after money but power. And power can be used to extract money.