what is tiktok stock symbol

ByteDance, however, has a number of outside investors, two of which are public companies. There is no ByteDance or TikTok symbol and you cannot buy shares of it in your typical brokerage account. ByteDance is the Chinese company that owns TikTok, a social media platform that has become incredibly popular all over the world. Only after employee shareholders threaten legal action or say they need to see the clause for their recordkeeping does the company reveal what’s in the clause, said the two former TikTok workers. You can invest in ByteDance through KKR or SoftBank Group stock—the two global investing firms that own ByteDance. These developments are crucial for Meta as they reflect the company’s performance in key areas that drive its revenue.

  1. Additionally, at the state level, 34 out of 50 states have banned their employees from using the app on government-issued cell phones.
  2. An international version of Douyin was created and called TikTok and was released in global markets in September 2017.
  3. It’s already been shut down in India, where it had 200 million users.
  4. The company has offered buyback programs twice per year since 2017.

TikTok’s parent company, ByteDance, Ltd., most recently offered to repurchase shares from employees in late 2023 for $160 per share, valuing the company at $223.5 billion. However, both arguably have greater resources than the Chinese company to build audiences and content-recommendation algorithms while monetizing their respective platforms. Meta has been particularly aggressive with its Reels format on Facebook and Instagram, and it’s just starting to focus on monetization, which could slow revenue growth for TikTok. But TikTok also faces intense competition from big digital advertising and social media companies like Facebook parent Meta Platforms (META -1.83%) and Alphabet’s (GOOG -2.16%) (GOOGL -2.11%) Google. While TikTok’s user growth may be slowing from the astronomical levels it saw in previous years, it’s just starting to ramp up its advertising business.

How to Buy TikTok Stock?

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. Neither TikTok nor its parent company, ByteDance, Ltd., are publicly traded companies, so neither has a stock symbol. As a private company, TikTok does not have a share price, so its worth is unknown.

The Indian government cited issues of privacy and national sovereignty. Learn how you can make money from the wave of seasoned companies innovating in AI and new AI tech companies. KKR originally invested in ByteDance, along with Softbank and General Atlantic, in 2018. It added to its position in another funding round at the end of 2020, valuing the company at $180 billion. Several politicians have advocated breaking up large social media corporations such as Facebook and Twitter, though no serious movement has gained traction yet.

TikTok’s revenue is private but estimated at over $200 million this year. With over 600 million daily TikTok users, it’s no surprise that it could be landing this much revenue. TikTok merged with Musical.ly to take advantage of the latter app’s young user base in the US and other countries.

TikTok’s engaging and user-friendly interface has captivated users of all ages, making it a cultural phenomenon and an attractive investment opportunity. In fact, it generated $5.5 million from in-app purchases daily in the first quarter of 2023. Most people think that they can’t beat https://www.dowjonesrisk.com/ the market, and stock picking is a game only Wall Street insiders can win.This simply isn’t true. ByteDance generated $17.20 billion in revenue in 2019, TechCrunch claims. TechCrunch claims most of ByteDance’s revenue comes from Chinese advertising sold on Doyuin and other apps.

After your order is executed, you will officially own one of the two mentioned stocks. However, keep an eye on the stock’s performance through your brokerage account’s dashboard. Also, remember that stock prices can be volatile, so it’s important to stay informed. The positive stock movement reflects the market’s response to the company’s strategies and performance. Snap Inc.’s stock has seen significant activity, with shares reaching their highest price in over a year following an upgrade by Wells Fargo from equal weight to overweight, as reported by CNBC.

One significant piece of news is Tencent’s cost-cutting measures and strategic shifts in response to a challenging regulatory environment and a slowdown in the tech sector. The company has been reducing its workforce in some areas and selling off portions of its investment portfolio, including a stake in Meituan, to raise capital. This move to sell part of its stake in the food delivery giant for about $3.5 billion indicates a focus on core businesses and financial prudence. You can buy shares in ByteDance by purchasing funds from private equity firms that own Bytedance stock, Coatue, General Atlantic, Hillhouse, KKR, Sequoia Capital, Softbank, and Source Code Capital. It is not confirmed 100% if TikTok will float on the stock market.

what is tiktok stock symbol

President Trump labeled Tencent’s WeChat as being from the United States and banned it in August 2020. It’s important to note that the prospects for a TikTok IPO may be affected by various factors, including market conditions, regulatory environments, and ByteDance’s strategic decisions. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. The company brought in $54 billion for the first half of the year.

TikTok’s Valuable Algorithms

At the time, the company responded that the provision was included in the shareholder terms and conditions, to which Ryan had agreed, and that tendering his shares was voluntary. Stock prices can be volatile, and there’s a possibility of losing money. It’s, therefore, important to be well-informed and prepared to withstand market fluctuations.

Some analysts think ByteDance could use TikTok’s algorithm to identify products customers want. TikTok could send videos about hardware or tools to people who watch how-to videos for home improvement projects. 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.

Why Did Walmart & Oracle Want TikTok?

Additionally, at the state level, 34 out of 50 states have banned their employees from using the app on government-issued cell phones. But TikTok is also using the stock compensation as a tool to tamp down dissent. Any current or former employees who own shares risk losing them by speaking out about a wide range of topics.

Since about 2019, there have been rumors that TikTok has plans to go public, but it’s anyone’s guess if or when this will happen. Back in 2020, many reported a potential TikTok Global IPO, but those plans have been scrapped. This hasn’t stopped the rumors that there might be a TikTok IPO sooner than later. The introduction of alternate revenue-generating streams could be a good sign for investors in the future. Twitter has nearly 400 million users, and over 500 million tweets are made every day (6,000 per second).

How to Buy Turo Stock How to Invest Pre-IPO

You can invest in TikTok by buying shares in SoftBank or KKR, which owns stock in ByteDance, TikTok’s parent company. Also, one of the main problems with social media companies is that most of their revenue relies on advertising from their partners. However, this trend is starting to change as more social media companies branch out to offer other kinds of paid services.

Currently, all TikTok user data is stored in Singapore and Virginia. Regulators in the West have expressed concern that ByteDance may put sensitive user information into the hands of the Chinese government. They also worry that the algorithms in the app may be tweaked to influence public opinion in a way that is favorable to adversarial nations. As of November 2021, ByteDance was partially owned by global investors (60%), employees (20%), and co-founders Zhang Yiming and Liang Rubo (20%).

If it rules in Ryan’s favor, TikTok and other companies may have to strike or revise the non-disparagement clauses, potentially opening the floodgates for employee complaints about protected topics. TikTok went on to say that shareholders have some leeway to talk to authorities about confidential matters and trade secrets as part of ongoing investigations. But attorneys said it’s unclear whether that exception applies to filing complaints with the government. When TikTok goes public, you should be able to buy its stock directly through a brokerage platform. With a newly-made account, you’ll next need to transfer funds into it. This is the money that you’ll use to purchase either KKR or SoftBank Group stock or both.


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