TikTok has taken the world by storm, becoming one of the most popular social media apps among millennials and Gen Z-ers. The app’s popularity has led to many questions about whether or not it will eventually become a publicly traded company. While it’s possible to buy shares in the app through private markets, it is important to understand the risks and rewards associated with investing in this tech company.
Investing in tiktok share price may seem like an attractive opportunity, but it’s important to do your research first. The social media app is owned by ByteDance Limited, a privately-held Chinese Startup partially funded by KKR, SoftBank, Sequoia Capital China, and seven other venture capital firms. Because it’s a private company, it does not have to disclose its financial details, making it hard to determine its true value in the market.
Additionally, TikTok has faced various legal challenges. For example, in 2023 the US government warned that the company could be sharing private data from over 150 million US users with the Chinese government. To address this issue, the company’s CEO launched Project Texas, a new entity focused on protecting US user data.
Despite these challenges, TikTok remains one of the most popular video-specific apps in the world. In 2021, the app was downloaded over three billion times, and it generated $4.6 billion in revenue that year. However, the company’s growth has stalled recently due to India’s ban and a rise in tiktok clones from Facebook and Snapchat. tiktok share price