![]() soared at a 122% annual rate from 20 million in November 2018 to 80 million in July 2020. For example, according to Wallaroomedia, the number of Tik Tok monthly active users in the U.S. TikTok has benefited from the pandemic - resulting in more American monthly active users and a considerable amount of U.S. Since the pandemic began, TikTok usage has increased - with the number of active users rising 15.1% between January 21 and March 24, according to the New York Times. operations could offset some of this revenue decline and give Microsoft a stronger position in the social media business dominated by Facebook and YouTube. LinkedIn CEO Ryan Roslansky said, “Our Talent Solutions business continues to be impacted as fewer companies, including ours, need to hire at the same volume they did previously,” noted CNBC. Indeed on July 21, LinkedIn announced the dismissal of 960 employees, or 6% of its workforce. Since then the pandemic has reduced hiring which has cut into LinkedIn’s revenue growth - resulting in layoffs. LinkedIn represented almost 6% of Microsoft’s total revenue and was one of the fastest growing Microsoft businesses, according to CNBC. In February 2020 - before the pandemic hit the U.S. Microsoft paid $26.2 billion to acquire LinkedIn in 2016. Microsoft’s biggest acquisition is not paying off as much as it used to. Why Would a TikTok Acquisition Boost Microsoft Stock? If a deal is struck, I hope to learn whether the right answer is closer to $5 billion or $15 billion (10% of that secondary market valuation). To complicate matters, the Journal reported that Bytedance was recently valued three times higher - at $150 billion - in the secondary market. user data getting to China could mean that Microsoft has to pay a control premium for the deal to go through. Yet the acceleration of TikTok’s growth and the possibility that ownership by Microsoft would limit the risk of U.S. There are many factors that could drop that valuation - including legal and political challenges. revenue estimate for 2020, according to the Information, by rival Facebook’s price to sales ratio of 9.7. operations.Īnother way to look at this is to multiply TikTok’s $500 million U.S. Multiplying the two figures leads me to a $5 billion estimate for the value of TikTok’s U.S. 10% of TikTok’s monthly active users - 80 million out of 800 million in July 2020, according to Wallaroomedia - were in the U.S. How so? Bytedance was recently valued at $50 billion by investors seeking to take over the company, according to a July 28 report in Reuters. Having said that, I think a good starting point for the value of TikTok’s U.S. operations makes it hard to estimate its value. What’s more, the uncertainty about the future of TikTok’s U.S. government would force device makers to take TikTok out of their app stores.”Īs a privately held company, there is no definitive valuation for TikTok. Nevertheless, the Journal cited anonymous TikTok executives who “feared that the U.S. In a July 29 statement, CEO Kevin Mayer said TikTok would never share such data and was committed to transparency. users that have access to their genetic, biometric, financial, health, or location data, noted the Journal. This concern is abetted by a 2018 law that allows regulators to investigate deals that involve foreign investment in companies with over a million U.S. officials worry that TikTok could pass on the data it collects from American users to the Chinese government. ![]() She and her team are making big strides in cutting down on fashion waste, setting an example for the industry and helping make fashion as a whole more renewable.U.S. Sustainability is a huge effort that takes more than any one person or company, and Ahluwalia is encouraging fashion fans across the UK to donate their gently used garments for creative reuse. Now, she’s working to get the public involved, too. We partner with wholesale recyclers and bigger brands to reuse their liability materials.” It’s where huge global retailers send unsold inventory, or “deadstock,” and where unwanted goods from charity shops often end up.īut acclaimed British fashion brand Ahluwalia sees Panipat and the deadstock that winds up there not as an end point, but rather as an exciting beginning-an inspiration point for their design process.Īs Founder and Creative Director Priya Ahluwalia told Vogue “I design clothes that use repurposed materials instead of using new ones, often choosing vintage or deadstock. ![]() Panipat, a city in northern India, is known as both the recycling capital of India and the cast-off capital of the world.
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