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Exclusive | TikTok Parent ByteDance’s Valuation Rises to About $300 Billion
Keywords: Tik Tok Valuation $300 Billion 2024,
To understand the upside down nature of and distortions in capital markets by 2024 look at this set of valuations. Can you tell which market capitalization or valuation is out of step in this list?
Boeing $100 billion
GM $67 billion
TikTok $300 billion
Intel $105 billion
Apple $3400 billion
Nvidia $3650 billion
Answer: TikTok, Nvidia
Another way to look at it the combined valuation of Intel, GM and Boeing is $272 billion, less tha Tiktok at $300 billion. What if these companies disappeared tomorrow- would everything come to a standstill? Almost standstill as there would be no more laptops, cars and planes, much of our modern life would come to a standstill. Remove TikTok would life come to a standstill? Better still the capital allocated to TikTok is put into education, and financial literacy, cultural literacy, would life come to a standstill or are we better off with a more educated citizenry?
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
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