How much is tiktok worth 2020
As of 2020, the valuation of TikTok, also known as ByteDance, is estimated to be around $140 billion to $150 billion. This valuation is based on various reports and estimates from reputable sources, including Bloomberg, The Wall Street Journal, and Forbes.
In November 2020, ByteDance raised $3 billion in a funding round, which valued the company at around $140 billion. This funding round was led by investors such as General Atlantic, Hillhouse Capital, and Sequoia Capital.
It's worth noting that the valuation of TikTok/ByteDance can fluctuate based on various factors, including the company's financial performance, market trends, and global events. Additionally, the valuation may not reflect the company's actual worth, as it is an estimate based on various assumptions and models.
Here are some key statistics that may help illustrate the valuation of TikTok/ByteDance:
- Revenue: TikTok generated an estimated $10 billion in revenue in 2020, up from $3 billion in 2019.
- User base: TikTok has over 655 million monthly active users, with over 50% of them under the age of 24.
- Engagement: TikTok users spend an average of 52 minutes per day on the app, with an average of 17.5% of users engaging with the app daily.
- Advertising: TikTok's advertising revenue is expected to reach $10 billion in 2023, up from $2.5 billion in 2020.
Overall, the valuation of TikTok/ByteDance reflects the company's significant growth and popularity, as well as its potential for future expansion and revenue growth.