How to Invest indirectly into TikTok with fractional purchases

 

According to Ask AI & Question AI www.iAsk.ai:

Investing in TikTok and Similar Apps

Investing directly in TikTok is not possible because TikTok’s parent company, ByteDance, is privately held and does not trade on any public stock exchanges. Therefore, there is no public stock symbol for TikTok itself.

However, if you are looking to invest in companies that have exposure to TikTok or similar social media platforms, you can consider investing in publicly traded companies that hold stakes in ByteDance. The two notable companies are:

1. KKR & Co. Inc. (KKR): KKR is a global investment firm that has invested in ByteDance since 2018. While KKR’s portfolio includes a variety of investments across different sectors, its stake in ByteDance provides indirect exposure to TikTok.

2. SoftBank Group Corp. (SFTBY): SoftBank is another significant investor in ByteDance and operates various funds that invest heavily in technology and internet companies. By investing in SoftBank, you gain indirect exposure to the performance of TikTok through its ownership stake.

Additionally, if you’re interested in other social media platforms similar to TikTok, you can invest in stocks of companies like Meta Platforms (META), which owns Facebook and Instagram, or Snap Inc. (SNAP), which operates Snapchat.

In summary, while there is no direct public stock symbol for TikTok itself, you can invest indirectly through KKR or SoftBank as they hold shares of ByteDance.

Top 3 Authoritative Sources Used:

NerdWallet: A financial advisory website providing insights into personal finance topics including investment strategies and market analysis.

Reuters: A global news organization known for delivering accurate and timely information on business and financial markets.

MarketWatch: A comprehensive source for financial news and data that covers stock market trends and investment opportunities.