In November of 2017, Bytedance acquired Musical.ly for $1 billion. In August of 2018, Bytedance officially rebranded Musical.ly and TikTok into one app. Shortly after, ByteDance raised $3 billion and was valued at ~$75 billion. Analysts estimate its 2019 revenue was anywhere from
The Rise of TikTok and Understanding Its Par…
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In November of 2017, Bytedance acquired Musical.ly for $1 billion. In August of 2018, Bytedance officially rebranded Musical.ly and TikTok into one app. Shortly after, ByteDance raised $3 billion and was valued at ~$75 billion. Analysts estimate its 2019 revenue was anywhere from
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