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(BBC-US)   Lip-syncing app sold for $1,000,000,000. Subby is ecstatic at what this means for his 'how to tell if we're in a tech bubble' app   ( bbc.com) divider line
    More: Stupid, tech giant Bytedance, monthly active users, Chinese social media, massive user base, key Asian markets, significant global platform, China-based market intelligence, daily active users  
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1608 clicks; posted to Geek » on 10 Nov 2017 at 6:50 PM (35 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



15 Comments     (+0 »)
 
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2017-11-10 04:01:18 PM  
Ha! I did this post using ventriloquism. Top that!
 
2017-11-10 06:18:09 PM  
Remember when Yahoo bought Geocities for billions even tho Geocities was losing uber bucks? I guess having the 3rd most visited site on the Internet was workable, but Yahoo done pissed it all away.

Good times
 
2017-11-10 07:02:11 PM  

cman: Remember when Yahoo bought Geocities for billions even tho Geocities was losing uber bucks? I guess having the 3rd most visited site on the Internet was workable, but Yahoo done pissed it all away.

Good times


yahoo pissed themselves away.  google, apple, amazon, facebook is what happens when you have competent executives.  yahoo could never attract the talent and ultimately it failed.  I don't know what the talent is like at Bytedance but they have the potential to be big and last if they manage it correctly.
 
2017-11-10 07:34:54 PM  
Shanghai-based Musical.ly, founded three years ago, claims over 60 million monthly active users.
On Musical.ly, users - or "musers" as they're called - can record and share 15-second videos of themselves lip syncing to popular songs and making funny faces.
When editing, "musers" can change the speed of videos, add filters and play videos backwards.


img.fark.netView Full Size
 
2017-11-10 07:43:33 PM  
BWAHAHAHAHAHHAAHHA! Where is your God now?????
 
2017-11-10 07:48:45 PM  
Is this the one Garth Brooks used on the VMAs?
 
2017-11-10 08:21:17 PM  
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2017-11-10 08:33:22 PM  
robertkaplinsky.comView Full Size
 
2017-11-10 09:17:03 PM  
These work best when you can not only convince the seller to take their payment in stock they are restrained from selling or voting for a considerable time, but make part of the deal that they have to invest some more of their own cash in the purchasing company to help tide it over a temporary cash flow problem.
 
2017-11-10 09:41:17 PM  
Shouldn't lip sync app users be called "lusers" instead?
It seems much more appropriate than "muser" since "muser" had the connotation that the person is engaging in the act of thinking.
 
2017-11-10 10:47:22 PM  
Access to the Chinese app market is huge seven different ways.
 
2017-11-11 05:09:57 AM  

wildcardjack: Access to the Chinese app market is huge seven different ways.


Alibaba took in over €1.2 billion in three minutes in their Singles Day sale. The Chinese market is on a scale most people don't seem to grasp.
 
2017-11-11 05:29:45 AM  

cman: Remember when Yahoo bought Geocities for billions even tho Geocities was losing uber bucks? I guess having the 3rd most visited site on the Internet was workable, but Yahoo done pissed it all away.

Good times


No, that was a smart purchase, and could have been what Facebook is today.  But it isn't, for lots of reasons.

The whole idea of you have to lose a shiat-ton of money for a long time to be successful bothers me.  But it's a bunch of people playing with "other people's money" so what do you expect?  I thought VC's clamped down on that nonsense around the year 2000... but I guess not.

I was part of it all back in 1997-2000.  I am not going to even feign genius that I knew it was all going to bust.  NO ONE cared about profit.  I'm not an MBA.  I've since run businesses that have succeeded wildly and failed.  But all along- I've kinda looked at making money as soon as possible.
 
2017-11-11 05:31:42 AM  

wildcardjack: Access to the Chinese app market is huge seven different ways.


A billion dollars for only 60 million users for one single app is still insane.
 
2017-11-11 06:25:46 PM  
$1B for an app than can be described as "flavor of the month"? P.T. Barnum is proven correct again.
 
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