“Now we enjoy by no map inflated any person numbers,” Lu says. “The most effective ‘rights holders’ Triller has ever had are the labels who don’t obtain the records in demand and, if one thing, enjoy staunch accused us of understating our numbers. The allegation being made that Triller’s staunch numbers were 25 million MAU final year values Triller at a $10 billion-plus valuation (the utilization of TikTok as a benchmark). We can’t shriek if these ‘rights holders’ are attempting to support us or injury us?!”
Triller’s Sequence B round valued the company at $130 million in October 2019 according to The Wall Road Journal; In October 2020, Reuters reported Triller had raised $100 million out of the $250 million the company was searching for to buy, valuing the startup at $1.25 billion. Triller is expected to circulation public as section of a particular reason acquisition company (SPAC) within the impending weeks.
As previously reported, in a December 2019 press release, Triller claimed it had over 26.5 million monthly energetic customers, however a supply with instruct records of the disaster tells Billboard that Triller had reported an particular person defective that was around half of that in January 2020. In a July 2020 press release, Triller claimed it had 50 million monthly energetic customers; a supply tells Billboard Triller reported having an particular person defective nearer to 25 million monthly energetic customers within the identical month.
When reached for comment on Tuesday, Triller did no longer mumble inflating its person numbers and as a replacement outmoded its assertion to argue that there isn’t any longer any lawful definition for MAU or day to day energetic customers (DAU). It also claimed that the metrics are irrelevant for Triller (MAU and DAU are serene key performance indicators amongst social networks like Triller, at the side of Facebook, Twitter, Snapchat and TikTok).
“There’s no such thing as a lawful definition of MAU/DAU,” Lu mentioned in a assertion to Billboard on Tuesday (Feb. 16). “We are an originate ecosystem, no longer a walled backyard app like TikTok or other social networks,” Lu continued. “Triller’s price is in monetizing customers, no longer MAU or DAU. Within the previous, the click has had a laborious time belief this. Subsequently, final year we elected to discontinue sharing any MAU or DAU records and enjoy no plot of doing so within the long flee. It has no relevance to our price or our monetization. Odd to Triller, our mannequin encourages customers to work on the side of our suppose “off community,” which by very definition says we’re pushing away MAU and DAU.”
