Meanings of Various TikTok Symbols and Icons Explained

what is tiktok stock symbol

Launched in its present form in 2018, TikTok joined the ranks of social media giants in record time. As of February 2024, it has been downloaded approximately 4.7 billion times. The information is general in nature and is not specific to you.

  1. ByteDance is said to have brought in US$5.64 billion in revenue (~40 billion yaun) for the quarter ending March 2020 – representing a staggering increase of ~130%.
  2. TikTok Global is a proposed U.S. company that will own TikTok’s North American operations.
  3. Currently, you cannot buy TikTok stocks on either of these platforms (or others), but you might be able to in the future.
  4. Invariably, when the top contributors of TikTok make it big, plenty of them love showing folks up with their Lambos.

Recently, Meta has also made strategic investments in emerging technologies such as internet infrastructure and artificial intelligence to expand its influence in the digital space further. Meta Platforms Inc. (Facebook) operates the largest social media ecosystem in the world. Meta owns four of the top social media platforms in the world,  including Facebook, Instagram, WhatsApp, and Messenger.

At a glance, Toutiao delivers personalized content recommendations to every user based on their interests. “ByteDance is one of the world’s most highly valued privately held startups right now, with a current valuation of around 75 billion dollars”. While you might not see it coming, it is coming and should be a big hit! The firm’s ecosystem consists mainly of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products. You can buy and sell, date, write blogs, grow fan pages, build groups…the list goes on. Advertising revenue represents over 90% of FB’s revenue, with 50% coming from the US and Canada and 25% from Europe.

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With over 600 million daily TikTok users, it’s no surprise that it could be landing this much revenue. These algorithms could be used for all kinds of applications, such as marketing and sales. Some people speculate that the tech is so valuable that the Chinese hitbtc crypto exchange review government would stop the company from selling it. The app experienced a seismic growth in popularity among the Chinese population, so the company prepared for an international release. TikTok symbols and icons are your compass in the platform’s universe.

what is tiktok stock symbol

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Vision Funds invest primarily in private equity companies with valuations topping $1 billion, also known as unicorns. The app is under fire due to the potential for the Chinese government to mine U.S. users’ data and to potentially influence them through the “For You” function aafx trading review on the app. This may have been intended to alleviate concerns that China was using TikTok to gather data on Americans, but apparently, the real change is minimal. TikTok data on U.S. users was always held in the U.S., so it’s just moving from one cloud to another.

How to invest in ByteDance now

The algorithm identifies the videos that users are most likely to watch. 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.

what is tiktok stock symbol

The company generated about $10 billion in global ad revenue in 2022. TikTok’s Chinese counterpart, Douyin, generated about $19 billion. Overall revenue for ByteDance came in at $85.2 billion that year, generating $20 billion in operating profit.

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The company has offered buyback programs twice per year since 2017. A similar initiative, called Project Clover, was proposed to store European data in Ireland and Norway. TikTok has also been banned from government devices in many European countries. 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. In March 2023, The FBI and DOJ launched an investigation into TikTok and asked TikTok CEO Shou Zi Chew to appear before the House Energy and Commerce Committee. These fears have led the U.S. to prohibit the TikTok app from being on any federal government devices.

ByteDance valuation chart

The company behind TikTok, ByteDance, does not have a stock symbol. However, it does have several venture capital firms and private equity funds backing it. It is not yet publicly traded, but is valued at $50 to $75 billion.


This includes any plans for issuing an initial public offering (IPO). The name TikTok is meant to suggest the short format of the videos. Launched in September 2016 by the Chinese startup company ByteDance, it’s known there as Douyin. cryptocurrency brokers canada Its stratospheric growth in usage really began in late 2017, when it acquired a rival app,, and ported over its 200-million-account list to TikTok. ByteDance is the world’s most valuable VC-backed company by a wide margin.

It is possible that ByteDance could eventually go public, or even sell a part of its company. In the meantime, investors can consider buying shares of the company if the company is still privately held and does well. 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.

ByteDance is the Chinese company that owns TikTok, a social media platform that has become incredibly popular all over the world. Start trading the ByteDance (TikTok) grey market, before the potential IPO – long or short – with a live or demo account with IG today. Off the back of TikTok’s explosive growth as well as the company’s other core product offerings, ByteDance has attracted a significant number of high profile investors over the last few years. IG’s grey market price is based on our prediction of ByteDance’s market cap at the end of the first trading day. Despite ByteDance not being publicly traded, accredited investors can invest in it on Equitybee.

But it’s also a high-risk investment because it faces potential challenges from regulators and deep-pocketed competitors. Facebook is currently the world’s largest online social network, with over 2 billion monthly active users. How its users engage is much different than TikTok in that they exchange messages and share news events, photos, and videos. On the video side, the firm is building a library of premium content and monetizing it via ads or subscription revenue, which is smart.

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