30 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

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