TikTok Stock: Who Owns TikTok & How to Buy TikTok Shares
Unlike many other social media companies, Facebook actually generates ludicrous amounts of money. TikTok does not have a stock price and will not until the company goes public. Based on the share price of its competitors, TikTok stock price could be about $100 per share. KKR & Co Inc is a public company that currently owns stock in ByteDance through a private funding round.
- TikTok’s Chinese counterpart, Douyin, generated about $19 billion.
- There could be a potential IPO for TikTok sometime in the near future, so we’ll keep this page updated with that news.
- TikTok data on U.S. users was always held in the U.S., so it’s just moving from one cloud to another.
- Its stratospheric growth in usage really began in late 2017, when it acquired a rival app, Musical.ly, and ported over its 200-million-account list to TikTok.
Some people speculate that the tech is so valuable that the Chinese government would stop the company from selling it. The app experienced a seismic growth in popularity among the Chinese population, so the company prepared for an international release. Most people think that they can’t beat the market, and stock picking is a game coinberry review only Wall Street insiders can win.This simply isn’t true. Many people will assume TikTok Global will not make money because of the track record of companies such as Snapchat (SNAP) and Twitter (TWTR). Some observers, including the management teams at Microsoft (MSFT), Walmart (WMT), Oracle (ORC), and ByteDance, think otherwise.
How to Buy ByteDance Stock in 2024
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Is TikTok on the Stock Market?
But can you actually buy shares of TikTok on the stock market? Of the publicly traded social media companies surveyed here, only Facebook (FB) and Tencent Holdings (TCEHY) make money. Snap Inc., the parent company of the popular social media platform Snapchat, has made recent business news with several key developments.
Meta (NASDAQ: META)
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. fxchoice review 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. ByteDance is owned by the SoftBank Group, and its revenue has risen 111 percent year-over-year, more than doubling from the year before. This growth has come with some risks, but the company has received positive feedback from investors and is on track to break even in 2019.
How to Invest in TikTok in 2024
Efforts by U.S. lawmakers to ban the use of TikTok outright have failed on several occasions due to the popularity of the app and aggressive lobbying efforts by the parent, ByteDance. Since January 2014, more than 900 apps have launched worldwide hoping to capitalize on TikTok’s popularity. You do not own or have any interest in the underlying asset.
