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How Much is TikTok Worth? Speculative Or a Good Investment?
If you want to know how much TikTok is worth, you should understand that it is a private company. As such, the shares do not trade on the stock market. However, you can buy shares in KKR, which owns stock in ByteDance, a parent company of TikTok. This gives you a piece of the TikTok pie, but not necessarily one-to-one investment.
ByteDance
In April 2017, ByteDance announced plans to IPO, valuing the company at $140 billion. As of June, the app has more than three billion downloads. The company denies sharing user data with the Chinese government. Since its founding, Susquehanna International Group has been the company’s largest investor. See the article : What Does P Mean on TikTok?. Susquehanna tried to sell part of its stake in October and is still trying. Other investors include SoftBank Group Corp., which has invested more than $5 billion in the company.
ByteDance is the parent company of the social video app TikTok. The company is valued at roughly $353 billion in the secondary market. Its revenue is expected to double to $37 billion by 2020. Meanwhile, Kuaishou, a competing Chinese social video app, is aiming for an IPO valued at $60 billion on $4 billion of revenue. ByteDance could easily be worth $500 billion based on its current market value to sales ratio.
TikTok
How much is TikTok worth? Speculative, or is it a good investment? TikTok is owned by a Chinese company, ByteDance, which also owns the news aggregation platform Toutiao. The company was founded by Chinese entrepreneur Zhang Yiming in 2012 and is now one of the world’s richest people. To see also : How to Add Linktree to TikTok. However, there are some limiting factors that may cause investors to think twice about investing in the company.
While the platform was banned in China during the Coronavirus pandemic, TikTok’s popularity skyrocketed. It became the most popular app in the US in October 2018 and the first Chinese application to do so. It is now available in more than 150 countries and 75 languages and is set to reach one billion monthly users worldwide in November. In the United States, TikTok has about 90 million monthly active users.
ByteDance parent company
The ByteDance parent company of TipTok has resigned its CEO position. The new CEO, Harish Sarma, will continue to run TikTok as its Director of Global Partnerships. To see also : How to Add Text to Your Videos on TikTok. He previously worked at Morgan Stanley and the NBA, helping to transform the organization through global partnerships and digital product distribution deals. Harish Sarma will continue to work with the company to ensure that it continues to evolve in a positive way.
When Zhang Yiming was named CEO of ByteDance, the company’s two product lines were Toutiao and Interactive Entertainment. The company renamed itself to ByteDance to distinguish itself from rival companies. The company’s product line consisted of several different apps, including Huo Shan Xiao Shi Pin Volcano Small Video and Douyin. While it has not yet IPOed, it has raised billions of dollars from investors including SoftBank and Sequoi Capital.
TikTok founder’s net worth
The company behind the popular video-sharing app TikTok has a net worth of around $50 billion. Zhang Yiming, the founder of the company, previously worked for Microsoft. He left the company due to the strict rules surrounding its use. TikTok currently has more than a billion users worldwide. Zhang Yiming’s net worth is likely to increase as the company grows. This article will look at the company’s valuation and how Zhang Yiming made his fortune.
The TikTok founder’s net worth is estimated to reach $75 billion by 2022. The company had a $1.9 billion revenue year in 2020 and was downloaded more than 3 billion times as of June. Charli D’Amelio is another wealthy TikTok influencer, with an estimated net worth of USD$17 million. But how much money is that worth? Well, her personal earnings are unclear.
