1064 days ago • Posted by Jasper Lawler
Growth in TikTok downloads and revenue has been stunning, but the founder just quit as ByteDance CEO
“Bummed to hear about Yiming Zhang stepping down — truly an amazing CEO,” tweeted Patrick Collison, the chief executive of the $95bn payments start-up Stripe. “To give a sense for the calibre of their execution: ByteDance was founded in 2012, is reported to have generated $35bn of revenue in 2020, and hired 40,000 people last year.”
Source: FT