alt Hacker NewsIt would have been great for ByteDance to IPO TikTok in the USA, it has had plenty of time to do so, it would have made lots of people boatloads of money, Chinese and Americans alike. Even Snapchat, which had similar levels of pervasive arrogance, IPO'd.
Replies
markus_zhang • 01/17/2025
You don't put your treasure for sale, at least not when you have extracted its value first.
Arkhadia • 01/18/2025
So why didn’t they? Cmon. Is that not enough evidence to show you that something else is at play here? Of course going public would have been the honest and rational move. Communist governments would never
Yes. The Chinese government probably lost its citizens around $100b by not allowing TikTok to sell.