https://www.inquirer.com/business/t...philadelphia-fortune-15-billion-20201003.html ===== Susquehanna International Group, the secretive shop of options maestros based in Bala Cynwyd, made its mark as a fast trader. But it could also be a patient investor. Susquehanna made one of its most significant bets in that mode — and may be closing in on a massive payday as a result. As the earliest U.S. backer of the social media app TikTok, Susquehanna holds an immense stake in the newly controversial China-based giant. The question for Susquehanna now is how President Donald Trump’s campaign to force a sale of TikTok over national security concerns will shake out. The drama is unfolding just over a decade after the Montgomery County company first recognized the genius of TikTok’s founder, engineer Zhang Yi Ming, and began backing him in a series of ventures. As for Susquehanna, it was founded in 1987 on the floor of the old Philadelphia Stock Exchange by a gang of SUNY-Binghamton grads who had been banned from casinos for using math to beat the house. Its publicity-shy founders, Jeff Yass and Arthur Dantchik, have built it into a 2,000-trader powerhouse known for using poker games to train new hires and for making big bets on small movements in hot stocks. Susquehanna began backing Zhang before he thought of TikTok. A graduate of the computer science program at a university 70 miles from Beijing, Zhang worked briefly for Microsoft in the United States before developing 99Fang (“99 Rooms"), a travel site. His product impressed Susquehanna’s pioneering China team, which invested in 2009. ... (continued at the link above) =====
Amazing.. A stupid little app like TikTok... where people act silly/stupid. But so many people tune in that an advertiser might target... and it's worth this kind of money? Or is there more to TikTok that I perceive??
Teens sharing short homemade sex clips & focus/attention span decreasing steadily = a perfect product of quick discovery.
TikTok has over 100 million active users just in the US. This also means they take users’ time away from Google and Facebook. They may be doing an IPO at $75 billion valuation.
Looks like sexual content isn't allowed, while I just found something I may enjoy: https://www.tiktok.com/@maxthemeatguy?lang=en
Probably, sometimes, moderators are not that quick to react, or users, are not so fast to report. I perceive, the making of food as a waste of time. It is a process of creation, but, the result, that which was created (the food) is so temporary and it's being created, while it's known by the creator, that the existence of that creation will be of a short span. As if one spend 400 hours on a drawing, and afterwards, burns it or tears it down to pieces. Rationale is simple tho - folks enjoy the process itself. In the end, everyone has their own hobbies (and nothing will last forever, so one is kinda delusional, if he thinks that some drawings will remain forever)
Youngsters these days have very short attention span due to social media. They are unable to watch a full 1 hour debate on meaningful topics. They continue to believe what social media feeds them and vote accordingly.