There is no ByteDance or TikTok symbol and you cannot buy shares of it in your typical brokerage account. However, it does offer some employees restricted stock units, which vest over time as long as they remain employed. Temu’s surging popularity and growth potential have many wondering whether they can buy shares of its stock. TikTok’s user growth is slowing from the astronomical levels it saw in previous years.
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“ByteDance is one of the world’s most highly valued privately held startups right now, with a current valuation of around 75 billion dollars”. Your dream has come true for anyone who has ever dreamed of creating duets with their loved ones across the globe. As ridiculous as this sounds, the app is extremely addictive and shows with its high levels of engagement. Also, unlike many apps, TikTok feels more like YouTube in the early 2000s.
Is ByteDance Publicly Traded?
Initially, the app was called ‘Musical.ly’, starting out as a lip-syncing video app. Acquired by ByteDance in 2018, the app was rebranded as TikTok. FinanceBuzz has partnered with CardRatings for our coverage of credit card products. FinanceBuzz and CardRatings may receive a commission from card issuers.
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- It also owns Xigua Video, a Chinese video-sharing platform comparable to YouTube.
- According to The Economist, on January 12, 2022, App Annie, a data gatherer, said TikTok caught up with Facebook in 2021 and overtook WhatsApp and Instagram in users’ time.
- You can use your usual broker and there won’t be any special requirements or lockup period.
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Meta (NASDAQ: META)
Each week our editorial team keeps you up with the latest financial news, shares reading recommendations, and provides useful tips on how to make, save and grow your money. No, ByteDance is still privately held, meaning its shares are not available on the stock market yet. The length of these videos ranges between 15 seconds and 10 minutes.
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By signing the bill on Wednesday, President Biden has set the sale deadline for January 19, 2025. In an attempt to alleviate concern, TikTok proposed Project Texas, which would move all U.S. data into a third-party cloud that only a team of U.S. residents could access. 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. SoftBank Group (SFTBY) is a Japanese technology and telecom conglomerate best known for its investment arm which focuses on disruptive technology. Its list of previous investments includes Alibaba (BABA), Nvidia (NVDA), Uber (UBER), Slack, and more.
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Although the company had plans to IPO on either the NYSE or Nasdaq exchanges in 2021, this move was blocked by Chinese regulators.
There is a lot of freedom, experimentation, and the ability to use content from the public domain without the fear of copyright infringement. On April 23, 2024, the US Senate voted to ban TikTok if ByteDance doesn’t remove itself from ownership. In other words, the US Senate is trying to force the sale of TikTok to a company they approve of.
This upgrade suggests increased investor confidence in the company’s prospects. The final option for acquiring shares in TikTok is to approach the other private equity firms that own a stake in the company. salary of actuary in india 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.
Recently, Meta has also made strategic investments in emerging technologies such as internet infrastructure and artificial intelligence to expand its influence in the digital space further. Furthermore, Tencent is diversifying its business model and exploring new revenue streams. The company’s cloud services division https://www.1investing.in/ slashed prices by up to 40% in an intense price war, aiming to capture a larger market share in China’s competitive cloud computing industry. 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 Senate believes TikTok poses a national security threat to anyone downloading the app. They believe they’re mining personal data from your phones that they can use to spy on and weaponize without your knowledge or consent. Some analysts think advertisers could use TikTok’s algorithm to market products to young people who tune out all other advertising. For example, TikTok could show a young person who enjoys watching auto videos and footage of the latest model cars. Analysts believe TikTok’s most valuable asset is a machine-learning platform that uses algorithms to track and identify the videos users want to watch.
ByteDance is the world’s most valuable VC-backed company by a wide margin. There’s still no indication that the company will go public any time soon, or at all. Under these circumstances investment would have to be considered highly speculative if it is possible at all. TikTok had 1.6 billion monthly active users in Q and is expected .