TikTok Stock Symbol & Price | How You Can Invest in TikTok
TikTok is one of the most popular social media platforms in the world, with over 1 billion monthly active users. The app allows users to create and share short videos with music, filters, stickers, and other features. TikTok is also known for its viral challenges, trends, and influencers that have shaped pop culture and online entertainment.
But can you invest in TikTok stock? What is the TikTok stock symbol, ticker, or price? And when will TikTok go public? In this article, we will answer these questions and more, as we explore the ownership, valuation, and future prospects of TikTok.
What is the TikTok Stock Symbol & Price?
The first thing you need to know is that there is no TikTok stock price, ticker, or symbol. That’s because TikTok is not a publicly traded company, meaning it does not have shares that are listed on a stock exchange like the Nasdaq or the NYSE.
Who Owns TikTok?
ByteDance is the parent company of several other apps and platforms, such as Douyin (the Chinese version of TikTok), Toutiao (a news aggregator), Helo (a social network for India), and Lark (a productivity suite).
ByteDance was founded in 2012 by Zhang Yiming, a former software engineer and entrepreneur. The company has grown rapidly in recent years, thanks to its innovative use of artificial intelligence and machine learning to create personalized content for its users.
Some of ByteDance’s notable investors include Softbank and KKR.
Can Retail Investors Buy TikTok Stock?
Since TikTok is not publicly traded, retail investors cannot buy TikTok stock directly. However, there are some indirect ways to gain exposure to TikTok’s growth and potential. One way is to buy shares of Softbank (SFTBY) and Kohlberg Kravis Roberts (KKR), which are private equity firms that invest in ByteDance.
Softbank is a Japanese conglomerate that owns stakes in various technology companies, such as Alibaba, Uber, DoorDash, WeWork, and more. Softbank invested in ByteDance in 2018, but did not disclose exact numbers. However, ByteDance revealed they raised $3-4 billion around the same time, so Softbank likely invested around $3 billion into Bytedance. Softbank’s shares trade on the OTC market in the US under the ticker symbol SFTBY.
KKR is an American investment firm that specializes in leveraged buyouts, mergers and acquisitions, and other transactions. KKR invested in ByteDance in 2018, but there are no exact numbers. KKR’s shares trade on the NYSE under the ticker symbol KKR.
When is the TikTok Stock IPO?
Many investors are eagerly waiting for the TikTok stock IPO, which would allow them to buy shares of the company directly. However, there is no official announcement or timeline for when TikTok or ByteDance will go public. In fact, ByteDance has repeatedly denied the rumors and reports that it is planning an IPO in the near future.
One of the reasons why ByteDance may not be in a hurry to go public is that it is already profitable and cash-rich. Another reason why ByteDance may not be ready to go public is that it faces several regulatory and legal challenges in different markets. For instance, in 2020, TikTok was threatened with a ban in the US by the Trump administration, which accused it of posing a national security risk due to its Chinese ownership.
Similarly, TikTok has faced scrutiny and restrictions in other countries, such as India, Pakistan, Indonesia, and Turkey, over issues such as data privacy, content moderation, and censorship.
Similar Social Media Stocks
If you are interested in investing in social media stocks, you may want to consider some of the other publicly traded companies that operate in this space. Some of the similar social media stocks include:
Snapchat (SNAP): Snapchat is a social media app that allows users to send and receive ephemeral messages, photos, videos, and stories. Snapchat also offers various features such as filters, lenses, stickers, games, maps, and more.
Meta (FB): Meta is the new name of Facebook Inc., which owns several social media platforms such as Facebook, Instagram, WhatsApp, Messenger, Oculus, and more. Meta also develops various products and services related to augmented reality, virtual reality, artificial intelligence, blockchain, and more.
Google (GOOG): Google is a technology giant that owns several platforms and products related to search, advertising, cloud computing, YouTube, Gmail, Maps, Chrome, Android, and more. Google also invests in various fields such as artificial intelligence, self-driving cars, biotechnology, quantum computing, and more.
There are also some similar private companies, such as Reddit, Twitch, and OnlyFans.
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FAQ
Does TikTok have a stock?
No, TikTok does not have a stock, as it is not a publicly traded company. TikTok is owned by ByteDance, which is also a private company.
What is ByteDance stock symbol?
ByteDance does not have a stock symbol, as it is not a publicly traded company. ByteDance is valued at $300 billion by private investors, but this does not reflect its market value.
Will TikTok ever be publicly traded?
There is no official announcement or timeline for when TikTok or ByteDance will go public. However, some analysts and investors believe that ByteDance will eventually go public, as it could unlock more value for its shareholders and employees.
Will an American company buy TikTok?
In 2020, TikTok was threatened with a ban in the US by the Trump administration, which accused it of posing a national security risk due to its Chinese ownership. To avoid the ban, TikTok struck a deal with Oracle and Walmart, which would create a new entity called TikTok Global that would be partially owned by the American companies. However, the deal was never finalized and is now under review by the Biden administration. Therefore, it is unclear if an American company will buy TikTok or not.
Who owns ByteDance stock?
ByteDance stock is owned by its founder Zhang Yiming, who has the majority of the voting rights, as well as several investors such as Softbank, KKR, Sequoia Capital China, General Atlantic, Hillhouse Capital Group, Tiger Global Management, Coatue Management, SIG Asia Investments, DST Global, and more.
Is TikTok profitable?
Yes, TikTok is likely profitable. According to Reuters, its parent company ByteDance reported a net profit of $25 billion in 2022.
Is TikTok still owned by China?
Yes, TikTok is still owned by China. TikTok is owned by ByteDance, which is based in Beijing, China. However, TikTok operates independently from ByteDance and has its own management team and data centers in different countries.
How much is ByteDance worth?
According to Bloomberg, ByteDance was valued at $300 billion by private investors. However, this valuation does not reflect its market value or how much it would be worth if it went public.
Who is CEO of TikTok?
The CEO of TikTok is Shouzi Chew, who was appointed in May 2021. Chew is also the CFO of ByteDance.
How does TikTok make money?
TikTok makes money from various sources such as advertising, in-app purchases, branded content, live streaming, e-commerce, and more.
