TikTok is Watching You

We found this article about TikTok and thought it was worth sharing. IDEASWORTHTRADING will always do our best to share news that we believe makes a difference. Check out the article for your self.

China-based team at TikTok’s parent company, ByteDance, planned to use the TikTok app to monitor the personal location of some specific American citizens, according to materials reviewed by Forbes.

The team behind the monitoring project — ByteDance’s Internal Audit and Risk Control department — is led by Beijing-based executive Song Ye, who reports to ByteDance cofounder and CEO Rubo Liang.

The team primarily conducts investigations into potential misconduct by current and former ByteDance employees. But in at least two cases, the Internal Audit team also planned to collect TikTok data about the location of a U.S. citizen who had never had an employment relationship with the company, the materials show. It is unclear from the materials whether data about these Americans was actually collected; however, the plan was for a Beijing-based ByteDance team to obtain location data from U.S. users’ device. Read the full post at Forbes "click here"

What if I want to buy TikTok stock. Can I buy there stock today?

Well the answer here is YES and NO.

IDEASWORTHTRADING as done some of the research to give you some ideas.

TikTok is not a public company. It is owned privately by ByteDance. This means that TikTok is not listed on a stock exchange and you cannot buy its shares – at least not directly.

There is no:

• TikTok stock symbol or Tik Tok stock ticker

• Tik Tok stock name

• Tik Tok share price

While you can’t directly buy TikTok stock, you can invest in it indirectly. Other companies like Google technically isn’t a public company either, but you can buy the company by owning shares of Alphabet. Facebook and Instagram aren’t public companies either, but you can invest in their parent company.

Despite being valued at $250 billion, ByteDance is also not publicly traded.

That said, ByteDance is backed by multiple firms: Kohlberg Kravis Roberts, SoftBank Group, Sequoia Capital, General Atlantic, and Hillhouse Capital Group. Investing in these companies is an indirect way to invest in TikTok.

How to Invest in Tik Tok Stock

You cannot directly buy shares of Tik Tok stock as a retail investor. However, you can invest in TikTok indirectly by buying shares in the private equity companies which own it.

You can invest in several of these firms:

• Kohlberg Kravis Roberts – NYSE: KKR

Kohlberg Kravis Roberts is a global investment firm headquartered in New York

• SoftBank Group – OTCMKTS: SFTBY

SoftBank is one of the most active investors in technology companies and has held stock in Slack, NVIDIA, Uber, and many others.

Sequoia Capital, General Atlantic, and Hillhouse Capital Group are all privately held companies. You cannot invest in them.

Remember, you cannot yet buy TikTok stock. Investors cannot buy shares of TikTok stock until its IPO (Click here to learn more about IPO).

Other Social Media Stocks

Sure, you might not be able to invest in TikTok shares (yet), but here are a few ways to invest in the social media industry:

• Meta Platforms (Facebook, Instagram) – NASDAQ: META

• Google (YouTube) – NASDAQ: GOOGL

• Snapchat – NYSE: SNAP

• Twitter – NYSE: TWTR

Until next time keep sharing

IDEASWORTHTRADING