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If you're considering investing in TikTok, you'll want to know its stock symbol. The stock symbol for TikTok is TIKTU, which is listed on the New York Stock Exchange (NYSE).
TikTok's parent company, ByteDance, went public with a dual-listing in the US and Hong Kong. The stock symbol for ByteDance is 0992.HK on the Hong Kong Stock Exchange (HKEX).
To invest in TikTok, you'll need to use a brokerage account that supports trading on the NYSE. Many popular brokerages offer this service, including Fidelity, Robinhood, and Charles Schwab.
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Investing in TikTok
Investing in TikTok is a bit more complicated than buying shares in other companies, but it's still possible. You can buy shares in ByteDance, TikTok's parent company, by purchasing funds from private equity firms that own Bytedance stock.
The private equity firms that own Bytedance stock include Coatue, General Atlantic, Hillhouse, KKR, Sequoia Capital, Softbank, and Source Code Capital.
TikTok was founded in 2016 and is headquartered in Beijing, China. It has a parent company called ByteDance and operates in the marketing and social media sectors.
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The company has a valuation of $84.2 billion and is expected to go public in 2025. After the IPO, you'll be able to buy TikTok stock directly.
To buy TikTok stock after the IPO, you can open a trading account with Interactive Brokers or eToro. These brokers offer low fees and easy access to the stock.
Here's a step-by-step guide on how to buy TikTok stock using Interactive Brokers:
1. Open a trading account with Interactive Brokers.
2. Deposit funds into your account.
3. Once it's available, search for the TikTok stock (no confirmed ticker symbol right now).
4. Place the type of order you wish to use (e.g. market, limit, stop etc.).
5. Once you've bought your desired number of TikTok shares, continue to monitor performance.
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TikTok Overview
TikTok was founded in 2016.
The company is headquartered in Beijing, China.
Its parent company is ByteDance.
TikTok operates in the marketing sector and is part of the social media industry.
The founder of TikTok is Zhang Yiming.
Over 7,000 people work at TikTok.
TikTok is expected to go public with an IPO in 2025.
The estimated valuation of TikTok is $84.2 billion.
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TikTok Business
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TikTok was founded in 2016, and its parent company is ByteDance.
The company is headquartered in Beijing, China, and its founder is Zhang Yiming. TikTok has a significant workforce, with over 7,000 employees.
TikTok's revenue primarily comes from advertising and in-app purchases. The platform's massive user base has led to a significant jump in revenue.
TikTok's advertising model is similar to that of Meta, Snap, and Alphabet, allowing companies to direct their advertising towards specific customer prospects.
Here's a breakdown of TikTok's key company facts:
TikTok's expected IPO date is 2025, and its valuation is $84.2 billion.
TikTok Stock Information
You can't buy a direct TikTok stock, but you can invest in Oracle and Walmart, which are set to purchase 12.5% and 7.5% of ByteDance Limited, TikTok's parent company.
Oracle is a highly successful business software provider with quarterly revenue as high as $9 billion and over $42 billion in cash and other short-term, liquid assets. It's publicly traded under the stock symbol ORCL.
Walmart, on the other hand, is a giant in the commerce industry with quarterly revenues still well over $100 billion. It's publicly traded under the stock symbol WMT.
Here's a brief overview of the companies that own TikTok:
Buying Stocks
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You can't buy a direct TikTok stock, but there are two companies you can invest in that own a portion of TikTok. Oracle is set to purchase 12.5% of ByteDance Limited.
Oracle is a business software provider with quarterly revenue as high as $9 billion. They have over $42 billion in cash and other short-term, liquid assets, making them a highly successful company. Oracle is publicly traded under the stock symbol ORCL.
Walmart is set to acquire 7.5% of ByteDance, the parent company of TikTok. Walmart has historic success in commerce, but some investors are unsure about its future due to the growth of online retail.
TikTok Key Facts
TikTok was founded in 2016.
ByteDance is the parent company of TikTok, a marketing sector social media company.
TikTok's headquarters is located in Beijing, China.
Zhang Yiming is the founder of TikTok.
TikTok has more than 7,000 employees.
The estimated valuation of TikTok is $84.2 billion.
Here's a summary of TikTok's key company statistics:
Finance and News
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TikTok's finance and news landscape is a complex one, with the platform navigating regulatory challenges while expanding its election resources and engaging younger voters.
TikTok has a strong financial performance, generating substantial revenue through advertising and creator partnerships.
The platform's user base is growing, with around half of its users under 30 using TikTok to stay informed about politics and news.
TikTok is focusing on monetization strategies that capitalize on its vast user engagement, aiming to provide users with accurate information about voting and candidates.
High-profile political figures, including Vice President Kamala Harris and former President Donald Trump, have established TikTok accounts to reach a younger audience.
Here are some key statistics about TikTok's user base and financial performance:
TikTok's regulatory challenges in the U.S. and other countries are ongoing, with potential bans and legislative challenges due to concerns over data privacy and national security.
Sources
- https://wealthynickel.com/tiktok-stock-symbol/
- https://www.liberatedstocktrader.com/tiktok-stock/
- https://www.musicbusinessworldwide.com/triller-is-finally-a-publicly-traded-company-tiktok-rivals-share-price-drops-20-on-first-day-of-trading/
- https://investingintheweb.com/blog/tiktok-ipo/
- https://investorplace.com/2023/03/3-stocks-to-buy-if-the-u-s-bans-tiktok/
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