Sources: some US investors of ByteDance seeking to take over TikTok are valuing the social media app at ~$50B, 50 times its projected 2020 revenue of ~$1B (Reuters)

Reuters:
Sources: some US investors of ByteDance seeking to take over TikTok are valuing the social media app at ~$50B, 50 times its projected 2020 revenue of ~$1B  —  NEW YORK/HONG KONG (Reuters) - Some investors of TikTok's parent company ByteDance seeking to take over the popular social media app …