- ‘Chernobyl’ star Jared Harris is concerned about people taking Instagrams there Today 12:18 PM
- Mattel’s BTS dolls are finally up for preorder Today 12:14 PM
- Harry Styles is in talks to play Prince Eric in ‘The Little Mermaid’ Today 11:44 AM
- Graphic video shows father beating young daughter for being sexually active Today 11:40 AM
- Black conservative activist made #IceBae a thing Today 9:53 AM
- Jeffrey Epstein’s pilot deletes Instagram after Kellyanne Conway pic surfaces Today 7:56 AM
- ‘Pennyworth’ is a deliriously strange addition to the Batman franchise Today 7:30 AM
- How to read free magazines with your Amazon Prime membership Today 7:00 AM
- 2020 celeb donations: Hanks loves Biden, Stamos stans Buttigieg Today 6:30 AM
- AirTV is essential for Sling TV subscribers Today 6:00 AM
- #ICEBae is reportedly a Democrat–and she has some things to get off her chest Tuesday 8:45 PM
- Fans are stoked that Taika Waititi is back to direct ‘Thor 4’ Tuesday 7:22 PM
- Sacha Baron Cohen thanks ‘co-stars’ Dick Cheney, Sarah Palin for making Emmy nominations possible Tuesday 6:43 PM
- Roger Stone barred from posting on all social media platforms Tuesday 6:03 PM
- The FaceApp challenge shows you how gracefully you’ll age Tuesday 5:16 PM
The world’s most valuable startup is no longer Uber.
Chinese company Bytedance, known for its immensely popular social media platform TikTok, has taken the lead after earning $3 billion worth in investments from SoftBank Group Corp. and other investors, Bloomberg reports.
Under the new deal, Bytedance is valued at $75 billion, giving the company a slight lead compared to Uber’s $72 billion valuation. White Bytedance has not made a profit in 2018, it’s repeatedly scored funding in the past, and the company “remains in talks with other interested investors” that could “offer more funds in [the] future,” Bloomberg reports. KKR & Co. and General Atlantic both invested in Bytedance alongside SoftBank during the recent deal, with the latter aiming to invest in primary stock.
TikTok remains one of the most popular Chinese apps in the U.S. to date, with the app regularly ranking among the top 50 downloaded apps on the iOS App Store in the U.S., according to Sensor Tower. Launched in 2016, TikTok lets users create short videos or lip-sync themselves to songs, not unlike Vine. (It absorbed U.S. competitor Musical.ly last year.) TikTok acquired the latter for $1 billion in November 2017, and Musical.ly users accounts were transferred over to the service.
During Q1 and Q2 2018, TikTok was downloaded over 104 million times on the App Store, making it the most downloaded iOS app on the store, according to CNBC. Meanwhile, Facebook is working on its own TikTok competitor called “Lasso,” which would let users sync themselves to music and record short clips.
- What is a good internet speed, really?
- How to recover all your awesome Myspace photos
- What is Airplane mode, and when should you use it?
H/T The Verge
Ana Valens is a reporter specializing in online queer communities, marginalized identities, and adult content creation. She is Daily Dot's Trans/Sex columnist. Her work has appeared at Vice, Vox, Truthout, Bitch Media, Kill Screen, Rolling Stone, and the Toast. She lives in Brooklyn, New York, and spends her free time developing queer adult games.