How to Invest in ByteDance TikTok Stock in 2024

what is tiktok stock symbol

If TikTok does go public, you can pick up shares on a trading platform, like Robinhood or Webull. Currently, you cannot buy TikTok stocks on either of these platforms (or others), but you might be able to in the future. TikTok quickly became one of the most popular video streaming apps in the world.

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 https://www.wallstreetacademy.net/ 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.

There are also two other ways you could invest in TikTok down the road. These include waiting for the initial public offering (IPO), or purchasing shares if its stock is listed on a pre-IPO marketplace like EquityZen or Linqto. The platform has a surprisingly advanced set of video editing tools, which has allowed users to make some extremely creative and technically impressive videos. Parent company ByteDance’s valuation was raised to $200-$400 billion recently, according to a private equity fund.

Can I buy TikTok stock directly?

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.

  1. TikTok stock could be a great option for investors looking to cash in on the social media craze.
  2. KKR is also competing with other asset management firms for investors, putting pressure on its fees.
  3. Most social media companies operate at a net loss, though there are some exceptions — notably Facebook and Tencent.
  4. “We see non-disparagement clauses in a variety of different contracts.

Twitter is another major social media player and is one of the most used apps in the world by celebrities, journalists, and more. It trades on the New York Stock Exchange but is expected to be taken private once Elon Musk finishes acquiring the company. The Chinese company Tencent is a tech firm and owner of WeChat (Weixin), another popular app that President Trump tried to ban in the US over national security concerns. 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.

Italy slaps a $11 million fine on TikTok for failing to keep the platform safe for minors over ‘French scar’ challenge

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.

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.

what is tiktok stock symbol

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%).

What is TikTok’s stock symbol?

The app could be banned in the United States — one of its largest, most lucrative markets — as well as Canada and several European nations. Many governments have already banned the app on government devices, and some states have restricted access to TikTok on government-owned internet connections. Its most notable holdings include Alibaba (BABA 0.32%), T-Mobile (TMUS -0.46%), and chip-designer ARM (ARM 0.85%).

Some of those social media companies are proven money makers, unlike TikTok Global. Softbank is a Japanese telecom and e-commerce company that also operates a holding company and its well-known $100 billion Vision Funds. Vision Funds invest primarily in private equity companies with valuations topping $1 billion, also known as unicorns. Although KKR has a great track record of producing returns for investors, it’s important to note that investing in KKR differs from investing in its portfolio.

Some have no minimum requirement, while others may ask for a specific initial deposit. When you locate one of two desired stocks, you’ll have the option to place an order. There are two primary types of orders—market orders and limit orders. The LST Beat the Market Growth Stock Strategy is a proven system that has outperformed the S&P500 in 8 of the last 9 years.

Softbank owns a massive portfolio of both public and private equity. WeChat has over one billion worldwide users and is ranked the fifth-largest social media platform by user volume. TikTok is not a publicly traded company, so it does not have a stock symbol. It is also unknown what the TikTok stock ticker will be if an IPO for the company ever launches. In 2020, then-US President Donald Trump signed executive order to ban TikTok in the US within 45 days if the parent company ByteDance did not sell it to an American company.

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.

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 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.

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.

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).

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