There are 3 listings of ByteDance stock available on Hiive right now. How you can invest in ByteDance depends on whether you’re an accredited investor or a retail investor. Just choose the course level that you’re most interested in and get started on the right path now. When you’re ready you can join our chat rooms and access our Next Level training library.
Get a daily email with the top market-moving news in bullet point format, for free. 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. Governments around the world are considering banning TikTok because of the risks of its Chinese ownership. Similar to KKR, you could invest in SoftBank to gain some exposure to ByteDance, but you should also do your due diligence on the other 98.75% of its portfolio.
The massive amount of user data that these algorithms gather is one reason why Donald Trump claimed that TikTok could be a potential threat to US national security. Around the same time, Arbitrage forex ByteDance spent $1 billion to acquire the Shanghai company Musical.ly, a video platform that lets users create short, lip-synced music videos. ByteDance, the parent company of TikTok, is privately held as of June 2022. As a result, it is not possible to invest directly in ByteDance unless the company confirms an IPO in the future. Some publicly traded companies have invested in ByteDance, so an indirect investment is possible.
Meta (NASDAQ: META)
Unlike many other social media companies, Facebook actually generates ludicrous amounts of money. 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.
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On July 30, velocity trade 2020, US Senators urged the Justice Department to investigate Both Zoom and TikTok.
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FinanceBuzz does not include all financial or credit offers that might be available to consumers nor do we include all companies or all available products. Information, including rates and fees, is accurate as of the publishing date and has not been provided or endorsed by the advertiser. Such platforms might not currently offer pre-IPO access to TikTok or ByteDance since the company faces regulatory uncertainty in China. However, this opportunity might become accessible in the future if ByteDance manages to push through with its IPO plans. These competitors might have been successful to some degree. In March 2020, TikTok’s market share by the number of downloads reached 88%.
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- TikTok employees, of which there are about 7,000 in the U.S., may be granted company stock, and they may also have an opportunity to sell their investments.
- That said, there is a way you can invest in the company (without being a creator).
- We love the diversity of people, just like we like diversity in trading styles.
- On the corporate front, Snap Inc. has been focusing on leadership by adding new members to its board.
- The United States and India are two key government’s that have taken issue with ByteDance and the way it configures its apps – with both citing security concerns as a key issue.
Apple and Google restore TikTok to their US app stores
- However, it does offer some employees restricted stock units, which vest over time as long as they remain employed.
- Since TikTok gets so much attention, its revenue and worth are closely watched by investors.
- For instance, it has been accused of harvesting user data and storing it in China without user consent.
- Some pre-IPO trading platforms may let you trade the equities of ByteDance ahead of its IPO.
- Similar to KKR, you could invest in SoftBank to gain some exposure to ByteDance, but you should also do your due diligence on the other 98.75% of its portfolio.
- That initiative includes a page that advises younger users to avoid distressing content or harmful challenges.
One of the biggest criticisms of TikTok has been how it handles user data. For instance, it has been accused of harvesting user data and storing it in China without user consent. In April 2022, TikTok announced a strategy to locally store its European users’ data. TikTok plans to begin implementing the strategy in early 2023. This algorithm has helped TikTok grow at an eye-popping rate. In addition to its one billion active monthly users, it was the most-downloaded app in 2021, with 656 million downloads.
Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA() /SIPC (). While ByteDance could be valued at $400 billion or more, its share price is not yet known since it’s not a publicly traded company. A report in October 2021 revealed an equity buyback from an employee stock ownership plan (ESOP) at a stock https://www.forex-reviews.org/ price of $132. Both of these private equity firms have an entire portfolio of investments, of which TikTok’s parent company, ByteDance, is just one.
However, some Chinese companies, including Alibaba (BABA), trade on the New York Stock Exchange. The company has offered buyback programs twice per year since 2017, primarily as a way to provide liquidity for investors and employees. Most recently, ByteDance repurchased $5 billion of shares at a valuation of $268 billion in December 2023. Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more of their initial investment. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading.
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