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Unexpected Acquisition
- John Boyd Bolton, an executive at Flipogram, hoped for acquisition by a major tech company like Apple or Facebook.
- ByteDance, a then-unknown Chinese company, acquired Flipogram, surprising and initially disappointing Bolton.
Strategic Acquisitions
- ByteDance's acquisition of Flipogram and Musical.ly aimed to establish a presence in the U.S. market.
- Musical.ly's user base and music deals were key assets for ByteDance.
Humble Founder
- Zhang Yiming, ByteDance's CEO, surprised John with his humble and quiet demeanor, unlike typical charismatic founders.
- Yiming's unassuming personality contrasted with his creation of a compelling and successful product.