![]() ![]() TikTok is a product created by a Chinese company called ByteDance. It’s not hard to imagine how these stats draw a lot of media attention and exposure. 2022 revenues are estimated at $9.4 billion. TikTok’s 2021 revenues are estimated at $4.6 billion, a 142% increase over 2020. Instagram, one of Facebook’s products, launched Instagram Reels in August 2020, which is widely perceived as a TikTok clone. This means that TikTok is becoming a major competitor to Facebook. In 2021, TikTok was the most downloaded app of the year beating Facebook, Instagram, WhatsApp, and Messenger. Why Does TikTok Get So Much Attention?ĭo you ever second-guess yourself for not investing in a certain stock? It’s time to find out what you could’ve made.įurthermore, TikTok was the seventh most downloaded mobile app of the decade ending in 2019. Through their interactions with the content, the users allow TikTok to display personalized content to them. Even though the apps are similar, they run on separate servers to comply with Chinese censorship restrictions.Īn interesting feature of TikTok is that it uses artificial intelligence to analyze users’ interests and preferences. Later on in 2017, given its success, it was branded as TikTok and launched internationally outside China. TikTok is the international version of Douyin, which was launched in 2016 in the Chinese market. ByteDance is currently valued at around $300 billion, 25% below its peak valuation in 2021. ![]() ByteDance is a privately held Beijing-based company founded in 2012. ![]() This mobile app belongs to a company called ByteDance. The length of these videos ranges between 15 seconds and 10 minutes. Its users use it to create short lip sync comedy and talent videos. TikTok is a video-sharing social networking service. Liang Rubo (ByteDance CEO), Shou Zi Chew (TikTok CEO), Vanessa Pappas (TikTok COO) Update: in Sept 2022 ByteDance CFO Julie Gao reiterated that the company has no plans to go public, making an IPO highly unlikely. Does TikTok have a stock associated with it? Is it possible to invest in TikTok? Let’s look at TikTok’s stock and how you can invest in TikTok. There is a lot of attention recently around TikTok, and investors have started to wonder about investing in TikTok stock. When you purchase through referral links on our site, we earn a commission. ![]()
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