ByteDance TikTok IPO: What to Know About ByteDance Shares IG International

what is tiktok stock symbol

Buzzery, LLC (d/b/a “FinanceBuzz”), is registered with the U.S. Investing in TikTok isn’t as straightforward as investing in other popular social media companies. The popular short-form video app is owned by the Chinese company ByteDance, which doesn’t trade publicly on any stock exchanges. But there’s a way to get a piece of the action in one of the fastest-growing digital media platforms in the world. Here’s what you need to know if you’re interested in investing in TikTok. We want to clarify that IG International does not have an official Line account independent office of audits and investigations at this time.

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  2. As ridiculous as this sounds, the app is extremely addictive and shows with its high levels of engagement.
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  4. Its most notable holdings include Alibaba (BABA -3.17%), T-Mobile (TMUS 1.17%), and chip-designer ARM (ARM 1.99%).

Facebook (or Meta as it is now called) is the single largest social media platform in the world and has over 2 billion global users as of July 2020. 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. 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.

ByteDance relies heavily on advertising for income, but it is always looking to develop new products that could fortify its revenue stream. It has more than three times the number of active users than rival Snapchat, which held its IPO in 2017. Founded in 2006 in Israel, eToro now has over 30 million customers worldwide.

Speculate on TikTok after the IPO

While many users engage with the platform via its smartphone apps on iOS and Android, it is also possible to access TikTok via a web browser. Reuters reported that the company’s daily active users (DAUs) grew by 5%, while ad impressions across Meta’s apps grew by 31%. This growth in users and ad impressions is a positive sign for difference between data and information with comparison chart Meta’s core business model, which relies heavily on advertising revenue.

Investing in Social Media

Despite a ban in India, ByteDance, TikTok’s owner, claims to have exceeded 1bn monthly users. 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. 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. Twitter has nearly 400 million users, and over 500 million tweets are made every day (6,000 per second). Highly respected journalists break stories best penny cryptocurrencies to invest 2020 using Twitter, and many people claim that they get news and discussion from the app.

Who owns TikTok stock?

The Chinese regulators granted publishing licenses to 44 foreign games, including titles from Tencent, signaling an easing of the freeze on game approvals that had impacted the industry. Some of those social media companies are proven money makers, unlike TikTok Global. The introduction of alternate revenue-generating streams could be a good sign for investors in the future. Most social media companies operate at a net loss, though there are some exceptions — notably Facebook and Tencent. WeChat has over one billion worldwide users and is ranked the fifth-largest social media platform by user volume. Currently, you cannot buy TikTok stocks on either of these platforms (or others), but you might be able to in the future.

what is tiktok stock symbol

We perform original research and testing on charts, indicators, patterns, strategies, and tools. Our strategic partnerships with trusted companies support our mission to empower self-directed investors while sustaining our business operations. Meta Platforms Inc. (Facebook) operates the largest social media ecosystem in the world. Meta owns four of the top social media platforms, including Facebook, Instagram, WhatsApp, and Messenger.

Parent company ByteDance’s valuation was raised to $200-$400 billion recently, according to a private equity fund. Most of that estimated value is attributed to TikTok’s algorithm and popularity. An international version of Douyin was created and called TikTok and was released in global markets in September 2017. It quickly became one of the most popular apps on both Apple and Google Play Store. Douyin was originally founded by the privately held Chinese company called ByteDance in 2017 after switching the name from A.me.

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