TikTok’s advertising sales for 2021 stood at $4 billion in 2021, and the video app is now aiming to generate $12 billion in revenue this year, Chinese online media outlet LatePost reported . Although TikTok, owned by Chinese internet giant ByteDance, has amassed more than 1 billion monthly active users worldwide, the app, which doesn’t operate in China, accounts for only a small part of...
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Lessons From the Last Three Years of IPOs
Talk about hangovers in the wake of initial public offerings! It’s a telling sign when you have to go back to 2019 to find a decent number of tech IPOs that are still above water. As we recounted today—and demonstrated in a cool chart—the vast majority of last year’s IPOs are underwater. The group from the year before isn’t doing much better. But the crop from 2019, when companies such as...
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