TikTok is the brainchild of ByteDance, the latest trend or the newest craze in the stock market. So TikTok stock (TTK) is something you should think about investing in. After all, it’s a subsidiary of Chinese social media giant Bytedance. With this app, you can make short, fun videos so anyone can be a creator. This rising star has plenty of potentials, so it’s no surprise that many people wonder how to buy TikTok stock.
Introduction to TikTok
TikTok is an advanced app where you can make, share or watch your or your closed one’s videos. It lets you create short video clips and share them on the site, where followers and even random visitors can view them. TikTok bills itself as the “world’s premier destination for short-form mobile video” and a platform that “inspires creativity and gives joy.”
The ease of use of TikTok is one of the main reasons for its popularity, especially among millennials and Gen-Z (the tech-native generation). TikTok is deceptively simple to use, and you can use the app’s many features and filters to make your content funnier and more unique.
Will you be able to buy the stock of TikTok?
Well, according to the resources, No. But, unfortunately, you can’t buy TikTok stock right now, even though it appears to be a great opportunity. ByteDance is privately developed and owned by China. Compare to Apple and Apple Cash, TikTok is one of its nine principal subsidiaries, and its stock has yet to be publicly traded.
Due to extreme excitement around ByteDance’s public listing, and investors are ready to jump on one of the most entertaining apps in the world.
Keeping in mind, you will be amazed to know that SoftBank has given the ultimate significance to ByteDance. This firm is focused on achieving a successful initial public offering (IPO) in all of its ventures.
There is no way that TikTok can be sold in the stock market. So, the investors found some other ways to earn through TikTok Global. There is a backdoor approach to obtain exposure to this hot stock.
How to Invest in TikTok Stock
You can invest in Walmart and Oracle, two American firms that will hold 20% of TikTok Global. For example, one of the firms that own 12.5 percent shares of TikTok Global is named Oracle. On the other hand, Walmart contains 7.5 percent of the current claims of TikTok Global.
TikTok Global is valued at a minimum of $60 billion, according to analysts. However, the President of the US gave the threat to ban the TikTok app in America, and the developers made it Global. TikTok’s algorithms, according to Trump, are a threat to US national security. In addition, because ByteDance is located in China, Trump is wary of TikTok.
Oracle (ORCL), an American enterprise software company, will own 12.5% of TikTok Global, while Walmart (WMT), a retail powerhouse, will own 7.5%. TikTok Global could be based in Texas, with Instagram co-founder Kevin Systrom as CEO.
Despite the app’s explosive growth and popularity, the stock may go either way. It could be a big success, making its investors extremely wealthy within a few months of the IPO, or it could be a hyped-up bust. Investing in any outcome without additional reliable data might be extremely dangerous.