Monday, July 20, 2020

US social media giants gain from ban on Chinese apps

The ban on Chinese apps, especially popular ones like ByteDance's TikTok and Helo, is resulting in a windfall for US social media giants like Instagram, Facebook and YouTube. https://ift.tt/3fQdGJy https://ift.tt/eA8V8J

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Sources: ByteDance is valuing itself at about $300B as part of a recent buyback offer, one of its highest valuations ever (Wall Street Journal)

Wall Street Journal : Sources: ByteDance is valuing itself at about $300B as part of a recent buyback offer, one of its highest valuation...