TikTok, one of the most popular social media apps of the last few years, has been a sensation in the entertainment industry. The app is so popular that many people are asking if it is traded on the stock market. The answer is no, TikTok is not traded on any public stock exchange.
TikTok was created by ByteDance, a Chinese technology company founded in 2012. ByteDance owns and operates TikTok and its international versions. Although ByteDance is a publicly traded company on the Stock Exchange of Hong Kong, it does not directly own or trade TikTok on any public exchanges.
Despite not being publicly traded, TikTok has become a prominent player in the entertainment industry. The app has over 800 million monthly active users worldwide and has been downloaded over two billion times as of April 2020. It is also estimated to generate $100 million in ad revenue each month.
TikTok’s success comes from its ability to engage users with short-form videos and its extensive library of user-generated content. Its extensive library includes everything from comedy sketches to dance challenges to beauty tutorials.
In addition to its popularity among users, TikTok has also gained attention from investors and large tech companies. In 2019, Microsoft made an offer to purchase a portion of the company for up to $30 billion but was ultimately rejected by ByteDance.
It is clear that despite not being traded on any public stock exchange, TikTok has become an incredibly popular social media platform with millions of users around the world. It’s incredible success means that it could potentially be traded publicly at some point in the future but for now it remains an asset owned by ByteDance.