TikTok to Launch New App for US Users in September

It owns a series of content platforms that enable people to connect with consuming and creating content through machine learning technology. With nearly 200 million daily active users each spends an hour every day on their products, the company is dedicated to building connections between people and information. ByteDance is a Chinese company that has been making some of the most popular video apps in China. The company was founded in 2012 by Ted Zhang with a mission to inspire creativity and enrich life.ByteDance platforms currently have more than 300 million active monthly users. Their main app is Douyin, which is known in abroad as the extremely popular app Tiktok.

Software, Artificial Intelligence, Data and Analytics

• ByteDance has until April 5 to decide on a course of action to either sell TikTok’s U.S. operations or stop its services in the country.
• ByteDance, the parent company of the popular video-sharing platform TikTok, is a privately-owned company.
• IG accepts no responsibility for any use that may be made of these comments and for any consequences that result.
• Luckily for you, accredited investors can invest in this private company through secondary platforms or indirect methods.

Despite the looming threat of a potential U.S. ban, ByteDance is undertaking the buyback at a premium, which indicates its massive strength in the video-sharing market. The buyback could also be aimed at boosting employee morale in its U.S. operations. ByteDance has until April 5 to decide on a course of action to either sell TikTok’s U.S. operations or stop its services in the country. ByteDance undertakes regular share repurchases from its employees, displaying its robust balance sheet and financial position. Some of ByteDance’s major investors include Japan’s Softbank (SFTBY), Fidelity Investments, and T. But suppose TikTok is able to successfully navigate all these challenges.

The Popular Refrigerator Brand To Avoid Buying, According To Reviews

In that case, this could be an extremely exciting opportunity for investors to own a piece of the next big social media company. Founded in 2006 in Israel, eToro now has over 35 million customers worldwide. The platform is widely known for its social and copy trading features. It allows users to trade stocks, forex, commodities, cryptocurrencies, CFDs, and ETFs.

App Store to Add Support for Douyin Pay in China

You want to be a successful stock investor but don’t know where to start. Snap is an American company, unlike ByteDance, so President Trump may not see Snapchat as a security threat. FinTech Breakthrough LLC is a third party and has no affiliation with EquityZen. FinanceBuzz reviews and rates products on a variety of quantitative and qualitative criteria. Whenever possible we test each product and include our honest, firsthand experience using it. Get expert-picked card offers, from low-interest options to travel upgrades, sent directly to you.

• Moreover, without publicly-traded stock, individual investors cannot directly acquire shares of ByteDance.
• Partners are not able to review or request changes to our content except for compliance reasons.
• Traders worldwide will hope to buy shares in TikTok when they become available.
• Additionally, technology-focused exchange-traded funds (ETFs) can provide exposure to a basket of technology companies, including those operating in the social media and entertainment space.

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. 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. Snap (SNAP) owns the popular video and photo-sharing app Snapchat, which some observers consider a direct competitor to TikTok. These moves reflect Tencent’s strategic adjustments to navigate regulatory pressures, focus on profitability, and leverage growth opportunities in its diverse portfolio of businesses. Investors and industry analysts closely watch the company’s actions as indicators of broader trends in the Chinese tech sector.

However, there are still ways for investors to gain indirect exposure. To indirectly invest in ByteDance stock, consider purchasing shares of its major investors’ KKR bytedance stock symbol (KKR) or SoftBank (SFTBY). ByteDance forever changed the world of social media through TikTok’s short-form videos.

TikTok key company facts

Tencent has seen positive developments in gaming with China’s approval of new games, a key area for the company’s revenue. 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. We provide access to a range of asset classes and investment strategies that span private equity, hedge funds, crypto, real estate, and other alternative assets. Some or all of the offers that appear on this page are from third party advertisers from which FinanceBuzz receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear).

If I invest, how do I exit my investment?

During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batch order. Fractional shares will be sold when a transfer or closure request is initiated. Until ByteDance announces an IPO, investing in TikTok could be done indirectly by investing in one of ByteDance’s backers or via a pre-IPO investment platform.

Free Stocks

TikTok is a viral video-sharing app with billions of downloads, which is catching the eyes of investors. There have been speculations about a potential Initial Public Offering (IPO) for ByteDance, but no official announcements have been made thus far. It’s important to stay updated with the latest news and announcements from ByteDance to learn about any potential IPO plans in the future. However, TikTok operates independently from ByteDance and has its own management team and data centers in different countries. According to Reuters, its parent company ByteDance reported a net profit of $25 billion in 2022. Known as Xiaohongshu, which translates to “little red book,” RedNote features a layout similar to Pinterest and is often described as a Chinese version of Instagram.

A report in October 2021 revealed an equity buyback from an employee stock ownership plan (ESOP) at a stock price of $132. TikTok is a popular video-sharing app where users create and share videos up to 10 minutes long. 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. Last April, President Joe Biden signed a law that banned Chinese-owned apps unless they were sold within a year. ByteDance, the parent company that owns TikTok, said it will not sell its app.

Obtain the Application Form

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information.

Instagram, for example, said it would “double down” on its competition with TikTok by promoting video content in its reel format. Snapchat, another competitor, continues to improve its video format known as snaps to appeal to some of TikTok’s user base. Although TikTok’s growth is reminiscent of Facebook in its early days, it hasn’t been all smooth sailing for the platform and its parent company, ByteDance. While TikTok has over one billion monthly active users, it may still have room to grow.

So, it isn’t possible to buy shares of TikTok or ByteDance unless the company goes public. While TikTok videos mostly dominated the short-form sharing space throughout the pandemic in 2020 and 2021, many competitors vied to take over some of its market share. TikTok’s staggering user growth rate is one of the biggest reasons it might be a good investment if it eventually goes public. After all, TikTok is the fastest-growing social media platform of 2022. StockHax strives to provide unbiased and reliable information on cryptocurrency, finance, trading, and stocks. However, we cannot provide financial advice and urge users to do their own research and due diligence.

Meta’s third-quarter revenue jumped 23% to $34.15 billion, indicating a rebound in digital advertising. This increase is significant as it suggests a recovery from the digital advertising industry’s challenges, such as privacy changes and economic headwinds (Search Engine Land). Tencent Holdings Limited, the Chinese multinational conglomerate, has been active in the news, and several recent developments have affected its business. We aim to offer our clients investments from disciplined managers that pursue unique strategies across an array of asset classes.