TikTok stock is the equity of ByteDance, a Chinese technology company founded by Zhang Yiming in 2012. ByteDance is the parent company of TikTok, the popular social media app that has exploded in popularity within the past few years.
The app allows users to create and share short-form videos with music and other soundtracks. It has become incredibly popular due to its ability to enable users to express their creativity and share content quickly and easily.
ByteDance first went public in March 2018 on the New York Stock Exchange (NYSE) under ticker symbol “BDN”. This stock has grown significantly over the past two years, primarily driven by the success of its subsidiary TikTok. As of April 2020, BDN had a market capitalization of over $90 billion, making it one of the most valuable companies in the world.
In addition to BDN, there are also other stocks related to ByteDance and TikTok. These include Tencent Music Entertainment Group (TME), which is a major investor in ByteDance, as well as Baidu (BIDU), which owns a stake in ByteDance’s Chinese-language app Toutiao.
However, investors should be aware that these stocks may be volatile due to their close ties with TikTok. In particular, any potential changes or restrictions imposed by governments around the world on TikTok could have an impact on these stocks.
Conclusion:
The stock name for TikTok is ByteDance’s BDN ticker symbol on the New York Stock Exchange.
In addition to BDN, there are other stocks related to ByteDance and TikTok such as Tencent Music Entertainment Group (TME) and Baidu (BIDU). Investors should keep in mind that these stocks may be volatile due to potential changes or restrictions imposed by governments around the world on TikTok .