Many people consider TikTok addictive because 90% of users claim to use the app daily. TikTok retains users at a rate of 26%; one out of four people who use TikTok become regular users. Most recently, the company has opened https://bigbostrade.com/ a $300 million share repurchase program for employees at a price of $160 per share, implying a $223.5 billion valuation. These fears have led the U.S. to prohibit the TikTok app from being on any federal government devices.
- If pre-IPO shares are not available or if the minimum purchase or qualification requirements are prohibitive, you can consider investing in the IPO itself.
- In spite of this popularity and as noted above – ByteDance and by extension TikTok – remain privately listed.
- On the corporate front, Snap Inc. has been focusing on leadership by adding new members to its board.
- This is good news because it means the company is more likely to carry out its IPO sooner rather than later.
- ByteDance is a privately held company and its shares do not currently trade on any public exchange.
Apart from that, several details about the TikTok Global IPO remain unknown, including its ticker symbol and the stock market on which it will trade. However, if we look at other Chinese firms, such as Alibaba, we may predict that TikTok Global will soon list on the New York Stock Exchange (NYSE). However, ByteDance Limited did not rule out the possibility of TikTok Global going public in the United States through an initial public offering or IPO. There is currently no firm timeline for when this project will begin.
TikTok’s Business
At ByteDance’s latest funding round – led by Tiger Global Management – the company boasted an implied valuation of between US$ billion – according to the Wall Street Journal. Our January report reveals the 3 “Strong Buy” stocks that market-beating analysts predict will outperform over the next year. If you don’t want to wait for its IPO, register for Equitybee and invest in ByteDance (TikTok’s parent company) today. Start investing in ByteDance and hundreds of other private companies on Equitybee.
Nate is a serial entrepreneur, part-time investor, and founder of WallStreetZen. He holds a Juris Doctor (JD) degree from UAlberta Law – but don’t hold that against him. He’s passionate about building great software that delights users.
We develop high-quality free & premium stock market training courses & have published multiple books. We also thoroughly test and recommend the best investment research software. The company’s daily active users (DAUs) grew by 5%, while ad impressions across Meta’s apps grew by 31%, as reported by Reuters. This growth in users and ad impressions is a positive sign for Meta’s core business model, which relies heavily on advertising revenue.
You will not be able to sell your shares until the lockup period expires. Do you ever second-guess yourself for not investing in a certain stock? TikTok is the international version of Douyin, which was launched in 2016 in the Chinese market. In 2017 it was branded TikTok and launched internationally outside China. Even though the apps are similar, they run on separate servers to comply with Chinese censorship restrictions. Twitter has nearly 400 million users, and over 500 million tweets are made every day (6,000 per second).
How to invest in TikTok
It’s dishwasher-friendly, comes with a reusable straw, is easy to carry, fits in a car cup holder, and keeps drinks cold for hours. After Maynard posted about getting the Quencher from The Buy Guide, a Stanley sales manager put the blog’s founders in touch with company leadership in spring 2019. “Every time we linked it, it would sell out so quickly,” LeSueur told The New York Times. “We got so many pictures from teachers who all have them in their classrooms and from nurses stations with cups overflowing in different colors, and we knew we were onto something.”
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All of Snap’s intellectual property is presumably in American hands. Tencent Holdings Limited, the Chinese multinational conglomerate, has been active in the news, with several recent developments affecting its business. Galloway thinks Walmart plans to buy 7.5% of ByteDance’s American subsidiary TikTok Global best tobacco stocks to get access to TikTok’s algorithms. Galloway believes Walmart management plans to add TikTok algorithms to its Walmart.com eCommerce platform. New York University Marketing Professor Scott Galloway speculates that Walmart (WMT) could use TikTok’s algorithm to learn which groceries customers buy each week.
During a White House briefing on Feb. 10, 2021, then-Press Secretary Jen Psaki denied that President Biden had set any new policy on the app. Meanwhile, Walmart tentatively agreed to buy a 7.5% stake in TikTok Global. ByteDance was reportedly worth up to $140 billion by mid-2020, based on the private sale of a small stake in the company. ByteDance is said to have brought in US$5.64 billion in revenue (~40 billion yaun) for the quarter ending March 2020 – representing a staggering increase of ~130%. TikTok has not yet announced plans for an IPO, though many people expect it to go public in the next few years.
TikTok Stock Price
Four of the company’s five board members would be American, and the fifth likely to be the ByteDance founder, Zhang Yiming. But later that month China complicated a potential sale, with an amendment to its export restrictions requiring companies to seek government approval before exporting Chinese tech. It was widely believed to be aimed at the technology driving TikTok’s algorithm – AI interfaces, voice recognition, and content recommendation analysis. The relentless pressure on TikTok ramped up further this week, with U.S. Secretary of State Mike Pompeo again claiming user data is sent to China.
The app is under fire due to the potential for the Chinese government to mine U.S. users’ data and to potentially influence them through the “For You” function on the app. Like most social media sites, TikTok is not immune to controversy. TikTok and many other Chinese-made apps were banned in India in mid-2020 as a danger to the nation’s sovereignty. The name TikTok is meant to suggest the short format of the videos. Launched in September 2016 by the Chinese startup company ByteDance, it’s known there as Douyin.
Facebook launched in 2004 and continues to exceed all other social media platforms in terms of audience numbers and advertising income. By the beginning of 2021, it had 2.6 billion monthly active users, not including the parent company’s WhatsApp and Instagram properties. In the first quarter of 2020 alone, it generated $17.4 billion in advertising revenue.
Start investing in private companies, including ByteDance, on Equitybee. Despite being valued at $250 billion, ByteDance is also not publicly traded. TikTok is not listed on a stock exchange and you cannot buy its shares – at least not directly. Although Tiktok is owned privately by ByteDance, that doesn’t mean you can’t get exposure to it. Here’s how to buy TikTok stock whether you’re an accredited investor or a retail investor. Equitybee gives accredited investors access to hundreds of private, VC-backed startups before they IPO.
Snap Inc., the parent company of the popular social media platform Snapchat, has made recent business news with several key developments. In spite of this popularity and as noted above – ByteDance and by extension TikTok – remain privately listed. This ultimately means there is no easy way for investors and traders to speculate on the company as well as no clear or transparent valuation for the general public. Ordinarily, you wouldn’t think about Kroger being one of the more popular TikTok stocks available.