TikTok is a viral-Chinese video-sharing app owned by a company named ByteDance. This is why there is no TikTok stock price and no shares are available on the stock market. It was launched in Beijing in September 2016 originally under the name Douyin. Douyin was developed under 100 days and within a year it had 100 million users with more than 100 billion videos viewed every day. TikTok was launched in the International market in September 2017. It was ranked 1 among the free app download on app stories in Thailand and the other countries.
In United States TikTok has been downloaded more than 80 million times and has reached 2 billion downloads worldwide according to the data given by Mobile Research firm Sensor Tower that excludes android users in China. TikTok is the International version of Douyin and China has a separate version of TikTok which is Douyin. Many big celebrities started using it after it becomes so famous and common in the world.
What is Stock Price?
The stock price is the price of a single stock of a number of saleable shares of a company, a derivative or another financial asset. According to the layman, the stock price is the highest amount that anyone is willing to pay for the stock or the lowest amount that can be bought for.
- The price of the stock reflects its current value to buyers and sellers.
- The value of the stock might be higher or lower.
- The aim of the stock investor is to find stocks that are currently undervalued by the market.
What is the Stock Price of TikTok?
TikTok is the number one growing social media company right now beating the top most used social media platforms like Facebook or Snapchat. With over one billion monthly users and a valuation of over 75 billion dollars, it is clear that they are dominating the world in a very clever way.
TikTok is not very public so it has no shares available in the stock market, it is owned by a very private company and according to that, it may make it public so people can also use it like Facebook or other social media platforms and invest the money on stock that are owned by TikTok at the stock market.
TikTok is the most used social media platforms nowadays since it’s launch it has grown rapidly but it is still not public to everyone and that’s the reason it is behind the big social media platforms.
How TikTok rose to popularity?
After its launch in 2017, TikTok has dominated the social media platform like a storm with around 1.9 billion lifetime app downloads and about 800 million monthly active users worldwide, TikTok has become the 7th most downloadable app of the decade, from 2010 to 2020.
Since it has been launched it is growing tremendously all over the world. In October 2018 it was the most downloaded app on Apple Store. According to the app, it has 500 million monthly active users which is extremely high and that’s the reason behind the success of this app in the era of financial development and prosperity.
The growth of TikTok was so great that the famous social media company Facebook launched its own short-video app named Lasso in the U.S in November 2018 however Lasso had only 70,000 users within four months of its launch in comparison to TikTok which has 40 million users in the same amount of time so Facebook decided to shut down Lasso.
Popularity of TikTok around the world
The success of TikTok with younger generations may be explained by the fact that app developers have chosen to select under 18 as their target audience from the very beginning. In a way, you might assume that the developers of TikTok have understood the younger generation better than the competing apps.
With their target audience defined from the beginning, they recognized the behaviors and desires of this age group that led them to build a social media app that gives their audience exactly what they’re looking for. TikTok lets users create and post funny videos while singing, dancing, or lip-syncing to their favorite tunes. It helps the younger crowd to express themselves in a creative way, whether it’s by dancing, singing, or performing some sort of comedy.
This is the reason that TikTok is not only famous in one region it is famous all around the world. Every person of any cast, culture, race has joined TikTok today.
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TikTok’s Business Model
There are three ways that TikTok earns money through its app.
1. TikTok Ads
TikTok has not yet established a substantial advertising business, but several businesses have successfully used TikTok’s influencers and sponsored hashtag challenges to get their message out to the young, and have begun to take an interest in showing TikTok advertisements because of its increasing popularity.
2. TikTok Coins
Another source of income for TikTok is virtual coins through which TikTok and TikTokers both can earn money. TikTok must have at least 1000 followers and can earn virtual gifts by broadcasting a live video.
These coins start at $100 for $0.99 and go up to $10,000 for $99.99, and virtual gifts range from Panda worth 5 coins to Drama Queen worth 5,000 coins. Data from Sensor Tower states that 100 coin packs are the most common with users, followed by 500 coin packs.
3. TikTok’s Revenue
TikTok reported $176.9 million in revenue in 2019, of which $88.5 million was reported in the fourth quarter alone. However, prior to the launch of ads in the course of 2019, TikTok’s revenue was generated by in-app purchases and, according to Sensor Tower, TikTok’s revenue increased by $3.5 million worldwide in October 2018, a 275 percent increase over revenue in October 2017.
TikTok’s Biggest Investors
ByteDance was reportedly estimated at $75 billion in 2018, making it the most successful startup in the world. It owns a variety of other apps and raised $3 billion from investors, including SoftBank Group, KKR, K3 Ventures, TCV, and General Atlantic, according to Crunchbase.
Tiger Global Management is the latest investment firm to develop a stake in TikTok via a Secondary Market round on 30 March 2020. Tiger Global Management has not revealed the amount of the investment. However, the Financial Times claimed that, after the company’s shares had recently been sold on secondary markets, investors had speculated that ByteDance 's value now ranged from $90 billion to $100 billion.
As TikTok has been growing rapidly more investors are investing in it and now TikTok has a very clear route to dominating the social media platform completely. When ByteDance which owns TikTok will make it completely public then definitely there will be going to be a new change in the era of social media.
Frequently asked questions
Does TikTok Stock have a price?
TikTok is a product that was created by a famous Chinese Company named ByteDance and it is still privately held which means that it has no shares available on the stock market. TikTok is not a publicly-traded social media platform like Facebook so therefore there is no TikTok stock price.
Is TikTok a Threat to Facebook?
TikTok is the third most downloadable app falling just behind WhatsApp and Messenger, it has also been downloaded more than Facebook and Instagram which is very shocking. From this information, it is clear that TikTok can be a great social media platform than Facebook or Instagram although it’s not very public like other social media platforms. Now maybe TikTok can almost publicly to its users like Facebook which can be a big threat or loss to Facebook.
How can you buy shares of TikTok and ByteDance?
Now it’s the main question related to our topic and unfortunately, no user can not do that because TikTok and ByteDance are privately owned so their shares are not publicly traded.
ByteDance is one of the most highly valued privately held startups right now in the world with a current valuation of around $75 billion dollars and if this company will completely be public then it can earn more than Facebook or other social media platforms.
How many users does TikTok have?
TikTok was launched in September 2016, and in the three years, after it was launched, it is fair to claim that it has exploded in popularity. TikTok has 800 million active users around the world (Datareportal, 2020). That makes TikTok 9th in terms of social networking sites, ahead of better-known sites such as LinkedIn, Twitter, Pinterest, and Snapchat.
How many downloads does TikTok have?
TikTok app has been downloaded over 2 Billion times on the App Store and Google Play. In February 2019 TikTok reached its 1 billion downloads and today TikTok is showing no signs of stopping from which it is clear that it will become more dominant over social media platforms.
TikTok’s goal as a business is to capture and display the world’s imagination, intelligence, and precious moments of life, directly from a mobile phone. TikTok is the most used app but it is owned by a private company named ByteDance so there is no TikTok stock price and no shares are available on the stock market.
TikTok allows everyone to be a maker and encourages users to share their passion and artistic expression through their videos. "By doing so, TikTok competes with giants like YouTube, Instagram, and Facebook who either have Google or Facebook support.