The $14 billion price tag proposed for TikTok’s US business values it more like a stuffy old energy or food company than a leading global social media company https://t.co/NsVjfK4tVL ...

Core Viewpoint - US President Donald Trump's recent executive actions and trade policies have caused significant volatility in global markets, particularly through the introduction of new tariffs and the divestiture of TikTok in the US [1] Group 1: Trade Policies - New tariffs have been imposed on pharmaceuticals, furniture, and heavy trucks, impacting various sectors and potentially leading to increased costs for consumers and businesses [1] - The trade moves are part of a broader strategy that may affect international trade relations and supply chains [1] Group 2: Market Reactions - Global markets experienced a sharp decline in response to the announcement of these trade measures, indicating investor concerns over the potential economic impact [1] - The volatility in markets reflects uncertainty surrounding the future of trade policies and their implications for different industries [1]

Core Insights - Meta has launched a new content stream called "Vibes," which focuses on AI-generated short videos, similar to TikTok or Instagram Reels, but user feedback has been largely negative, describing the content as "AI slop" [1][2] - The launch of Vibes comes amid concerns that Meta is falling behind competitors like OpenAI, Anthropic, and Google DeepMind in the AI space, prompting significant investment to revamp its AI operations [2][3] Group 1 - Vibes allows users to create and share AI-generated videos, with features for personalization and cross-platform sharing [1] - The initial version of Vibes has partnered with AI image generation tools like Midjourney and Black Forest Labs [2] - User dissatisfaction with the AI-generated content raises doubts about Meta's AI strategy and its ability to achieve commercial value [2] Group 2 - Meta has restructured its AI business following the departure of key employees, establishing the "Meta Superintelligence Labs" to enhance its focus on AI [3] - The new department has been further divided into four teams concentrating on foundational models, research, product integration, and infrastructure [3]

TikTok Deal Insights - The TikTok deal is considered one of the most complex tech deals in history, overseen by a law from Congress and upheld by the Supreme Court [3] - The deal is expected to significantly impact the U.S. economy and is seen as a strong move for the future [3][6] - Oracle is confirmed to be on the cap table, overseeing security from its servers in Texas and West Virginia [5] Market Impact - There is potential for a 30% increase in TikTok's user base as Oracle assures users of enhanced security by removing spyware [7][8] - The deal could disrupt competitors like Facebook and Instagram, as TikTok is recognized for its low customer acquisition cost and high return on ad spend [10] - The possibility of allowing users to own a piece of TikTok is suggested to enhance user engagement and transition [11] International Opportunities - There is speculation about re-entering the Indian market by addressing spyware concerns and leveraging Oracle's infrastructure [12]

以下文章来源于晚点对话 ，作者陈晶 徐煜萌 晚点对话 . 最一手的商业访谈，最真实的企业家思考。 "最高法院的判决具有终审效力，因为它公正可靠；而它之所以公正可靠，正因它是终审判决。" 本文首发于 2025 年 01 月 18 日 文 丨 陈晶 徐煜萌 编辑 丨 黄俊杰 1 月 19 日，TikTok 禁令的最后期限即将到来，两任美国总统分别表示不会即刻要求关闭 TikTok。拜 登政府官员称将会把执行封禁的任务留给 1 月 20 日上任的特朗普，特朗普则曾表示上任后会暂停执 行禁令，或是将执行期延长 60 天- 90 天，以寻求出售或是其他解决方案。 但 TikTok 在美国的命运已经变成法律问题，不再是总统或者政府可以直接决定。美国最高院本周五 裁定，此前国会要求 TikTok 出售或者关闭的法案合乎宪法。按照该法案规定，1 月 19 日以后，任何 美国境内的公司，应用商店或者云服务平台都不能再为 TikTok 及其母公司字节跳动提供服务，否则 将面临 8500 亿美元（1.7 亿用户，每人 5000 美元）的天价罚款。 即使政府不立即执行禁令，只要美国公司都遵守法律，一款短视频应用无法继续分发内容、维护 ...

Core Insights - Snapchat's popularity in India has significantly increased due to its efforts to customize the app and engage with Gen Z, leading to a doubling of time spent on the platform over the past two years [2][4] - The number of official Snap Stars in India has risen by 1.5 times, indicating a growing demand for authentic creator-led content [3] - Snapchat's financial performance in India shows a 28.5% increase in operating revenue to ₹101.3 crore in FY24, with net profit growing 25.9% to ₹9.7 crore [5] User Engagement - The average time spent on Snapchat in India is estimated to be between 15-30 minutes per day per user, with a user base of 250 million active users [2] - Snapchat's strategy includes increasing local content creation, with young creators emerging from various Indian cities [6] - The platform has seen a fourfold increase in content shared on Spotlight, its entertainment feed [3] Market Strategy - Localization is a key strategy for Snapchat, focusing on engaging young creators and increasing movie and TV content partnerships [6][7] - Snapchat has partnered with major brands for advertising, utilizing augmented reality (AR) features to enhance user engagement [8] - The platform is seen as a good space for creators due to its emphasis on authenticity and engagement rather than high production values [9] Demographics and Audience - Snapchat's primary audience in India is between 13 and 34 years old, making it suitable for industries like fashion, beauty, and entertainment [12][13] - The app has limited traction among users over 40, which may restrict its brand impact [14] - While Snapchat is effective for brand awareness, it is not seen as a strong platform for performance marketing or direct conversions [15][16] Challenges - A significant challenge for Snapchat is the lack of creator discoverability, with many creators using the platform as a secondary option rather than a primary one [17] - Brands are hesitant to allocate large marketing budgets to Snapchat due to its focus on a younger audience, many of whom lack purchasing power [16]

Core Insights - Meta has launched an AI video creation platform named Vibes, integrated into the MetaAI application, allowing users to create, discover, and share AI-generated short videos [1] - The platform aims to lower the barriers to content creation, provide inspiration, and gather user feedback to iterate on its AI video tools, marking Meta's latest move in the AI-generated content space [1] Features of Vibes - Users can generate videos through text prompts or remix existing videos, with options to add visual elements, overlay music, and adjust styles [1] - Created videos can be published in the Vibes feed, sent via direct messages, or cross-posted to Instagram and Facebook [1] - Users viewing MetaAI-generated videos on Instagram can directly navigate to the MetaAI app for further creation [1]

Core Viewpoint - President Trump has signed an executive order approving the sale of TikTok's U.S. operations to an American investor group, valuing TikTok US at approximately $14 billion, to ensure the app remains operational in the country [1][5] Group 1: Executive Order and Deal Structure - The executive order prevents the Attorney General or Department of Justice from enforcing a national security law that would require TikTok to divest its U.S. operations for 120 days while the divestiture plan is executed [1] - TikTok's U.S. operations will establish a new board of directors, and the app's recommendation algorithm, source code, and content moderation system will be transferred to the new owners [2] - Oracle will oversee TikTok's security operations and provide computing services for TikTok US under the deal's terms [2] Group 2: Stakeholders and Ownership - Oracle, Silver Lake, and Abu Dhabi-based MGX will collectively hold a 45 percent stake in TikTok's U.S. company [5] - Trump emphasized that the new ownership will be American-operated, enhancing user confidence regarding data security [3][5] Group 3: Political Context and Implications - The deal follows a push initiated by Trump in 2020 to ban TikTok, which received bipartisan support during Biden's administration [7] - Trump mentioned that he received approval from China's President Xi Jinping regarding the deal [2] - The executive order extends ByteDance's deadline to divest TikTok's U.S. operations, marking the fourth extension [7]

Core Insights - ByteDance, the parent company of TikTok, has a valuation exceeding $300 billion, with a recent $14 billion deal for its US division, raising questions about its true worth given its significant growth over the past five years [1][10][11] Company Valuation - The valuation of TikTok is considered low compared to its revenue potential, as it reportedly generates four to five times the revenue of Snap, which has a $15 billion enterprise value [2][10] - There are speculations that bids for TikTok could exceed $40 billion, indicating strong interest from potential buyers [2][3] Algorithm Ownership and Value - The value of TikTok is heavily tied to its algorithm, with concerns about who will own it post-deal and how effective a leased version would be [4][7] - Oracle's involvement is seen as strategic, given its historical relationship with TikTok as a major customer for cloud services [5][6] Market Dynamics - The deal is perceived as favorable for Oracle, aligning with US regulatory dynamics, although it does not guarantee approval from Chinese authorities [6] - The differing use cases of TikTok and Snap are highlighted, with TikTok focusing on content consumption and Snap on messaging, suggesting distinct market positions [8][9] Advertising Revenue Potential - TikTok's revenue streams include advertising and e-commerce, positioning it as a preferred platform for creators, which enhances its market value [12]

For more on the Tik Tok deal and the broader impact on big tech, let's bring in Jeffrey's managing director and senior technology analyst, Brent Th. Brent, great to have you with us. Um, we just got a number in terms of valuation, $14 billion for US Tik Tok.What's your take. That's massively undervalued. I think Carter said it well.Like, how do you buy a blender for a higher market cap. This is crazy. I mean, the numbers got to be wrong.Uh, it doesn't make any sense. The market cap of Snap is 14. the market ...