2/17/2024 0 Comments Tick tock symbolThe average user spends 52 minutes on TikTok daily, and Android users spend 68 billion on TikTok annually. TikTok retains users at a rate of 26% one out of four people who use TikTok become regular users. Many people consider TikTok addictive because 90% of users claim to use the app daily. 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. Why is TikTok so Valuable?ĭespite a ban in India, ByteDance, TikTok’s owner, claims to have exceeded 1bn monthly users. The data TikTok gathers could be full of valuable customer information. ![]() The government of India banned TikTok as a security threat in 2019. Trump (R-Florida), think TokTok is a security threat because the AI gathers massive amounts of user data. Analysts consider AI the secret ingredient in TikTok’s recipe for success. The AI is why Microsoft (MSFT) tried to buy TikTok’s North American operations in August 2019. TikTok AI & AlgorithmsĪnalysts think ByteDance powers TikTok with some of the world’s most sophisticated Artificial Intelligence (AI). TikTok is the most downloaded app in the Apple App Store. There have been over 1 billion TikTok app downloads in 2022. ByteDance released the app in 2016, and Mark Zuckerberg began Facebook in 2004, in contrast. TikTok is one of the world’s most successful and popular apps, even though it is just five years old. TikTok is one of the fastest-growing social media apps. TikTok, a video-sharing app, is one of Earth’s most popular media products. TradingView is a great place to meet other investors, share ideas, chart, screen, and chat.Ĭhart, scan & connect with me for free on TradingView for my latest trading ideas and chart analysis.īyteDance Limited, a privately-held Chinese startup, owns TikTok other investors include Sequoia Capital China, General Atlantic, Hillhouse, KKR, SIG, SoftBank, and Source Code Capital. Join me and 13 million traders on TradingView for free. 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.Ĭhart, Scan, Trade & Join Me On TradingView for Free While there have been ongoing rumors and discussions about the possibility of TikTok or its parent company, ByteDance, going public, no definitive plans have been announced.īyteDance, the owner of TikTok, has offered to buy back shares, which suggests that an IPO may not be imminent, as the company is providing liquidity to shareholders without going through a public listing, as reported by South China Morning Post. There is no official confirmation of a TikTok IPO. Thus, I think TikTok Global could trade on the NYSE. However, some Chinese companies, including Alibaba (BABA), trade on the New York Stock Exchange. Many details of the TikTok Global IPO, including the stock exchange and the ticker symbol, are unknown. It is not confirmed 100% if TikTok will float on the stock market. Only companies listed on stock exchanges have stock tickers. TikTok has no ticker symbol or stock name because it is not publicly traded on a stock exchange. ![]() TikTok is not publicly traded because it is owned by Bytedance, a privately-held Chinese company, and eight other venture capital companies. You cannot buy shares in TikTok directly as a retail investor. Shares in TikTok are owned by the founder Yiming Zhang, Bytedance, and seven private equity firms: Coatue, General Atlantic, Hillhouse, KKR, Sequoia Capital, Softbank, and Source Code Capital. You can buy shares in the private equity companies that own stock in TikTok. There are no TikTok shares on the stock market because ByteDance Limited, TikTok’s owner, is privately held. The author or Liberated Stock Trader is not affiliated, paid by, or owns stock in any of the companies mentioned in this report. Note: This is an unbiased research report. Companies like TikTok you can invest in.TikTok Background & Company Information.
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