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How TikTok Bought Musical.ly for $1 Billion and Built TikTok | The Acquisition That Changed Media
In 2014, two Shanghai entrepreneurs launched Musical.ly — a lip-sync app that exploded to over 200 million users, mostly American teens. In November 2017, Chinese tech giant ByteDance saw exactly what Facebook passed on and acquired it for up to $1 billion. Less than a year later, on August 2, 2018, Musical.ly was gone — and TikTok took ...
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