Is It Tik Tok's Snapchat or Facebook Moment?

Mark Mulligan, Managing Director, MiDiA Research

29-May-20 07:30

Is It Tik Tok's Snapchat or Facebook Moment?

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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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Categories: Technology, Tech, Business Analysis, Film, Medical Innovation and Technology, Investments

Tags: Tik Tok, Snapchat, Facebook, Spotify, Joe Rogan, Disney,

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