How TikTok’s Owner Became The World’s Most Valuable Unicorn

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How TikTok’s Owner Became The World’s Most Valuable Unicorn ( how-tiktoks-owner-became-the-worlds-most-valuable-unicorn )

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Source: Technode Broadly, ByteDance’s products can be divided into 3 categories: media and entertainment, internet, and a long tail of miscellaneous ventures. Media and entertainment On the media and entertainment front, ByteDance’s efforts hinge on user-generated content and virality — facilitated via the company’s highly sophisticated algorithmic recommendation engines. With many spending more time at home, the Covid-19 outbreak could act as an accelerant to ByteDance’s efforts in the media and entertainment space. TikTok alone reportedly saw an 18% weekly increase in US downloads between March 16 and March 22, the period when many lockdown orders started to take effect across the country. Video 4/17

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