Is It Tik Tok's Snapchat or Facebook Moment?
Mark Mulligan, Managing Director, MiDiA Research
29-May-20 07:30
Tik Tok, launched in 2016, has been downloaded over 2 billion times and recently brought in Disney’s streaming guru, Mark Mayer, as their new CEO.
The parent company, Bytedance, is the world’s most valuable startup and has a private valuation of between $105 billion and $110 billion, with talk that it could be worth up to $180 billion in an IPO.
But with on-going privacy and censorship issues with the US rumbling in the background, is this their Facebook or Snapchat moment?
Produced by: Arleen Webber
Presented by: Roshan Kanesan, Noelle Lim, Khoo Hsu Chuang
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