How Can I Buy ByteDance Stock Today

Have You Heard Of Bytedance?

ByteDance is one of the tech titans that started up in China before spreading outwards. It has a number of offerings. However, ByteDance tends to be best-known because of TikTok as well as TikTok's Chinese-specific counterpart Douyin, which have seen much mention because of U.S. politics in recent times. Regardless, the company has a combined user base that can be measured in the high hundreds of millions, which is a resource of considerable value. Due to this, people might be interested in seeing if ByteDance stock can fit into their investment portfolio, particularly if they have a taste for tech companies that are well-established but seem poised for further growth.

What Is One Reason You Should Be Interested in ByteDance Stock?

For starters, ByteDance owns and operate TikTok, which is a social networking service that is focused on making as well as sharing short-form videos. Technically, the service is the international counterpart of the China-specific Douyin. However, it is important to note that the two services are similar but not the same, which isn't even mentioning how they have developed different user bases drawing from different segments of the general population. In any case, TikTok has hundreds of millions of users, not least because it has been seeing explosive growth in recent years. This is important because the owners of successful social networking services can earn a lot of revenue by running ads, offering in-app purchases, and other avenues. Furthermore, success can be something of a self-fueling phenomenon in these matters. After all, the more people who have flocked to a particular social networking service, the more people will be incentivized to flock to that particular social networking service.

What Is Another Reason You Should Be Interested in ByteDance Stock?

Having said that, it is important to note that ByteDance's $37 billion revenues in 2020 didn't just come from TikTok. Simply put, the company has a number of other products. Douyin would be the most prominent of these, seeing as how it has hundreds of millions of users in its own right. However, other examples include but are not limited to Lark, Toutiao, and Xigua Video. Every single one of these products are Internet-related but they have their own niches, thus enabling ByteDance to reach out to a wider swathe of the general population without competing against itself too much in the process. For example, Lark was an enterprise collaboration platform meant for internal use before being made available to external parties. In contrast, Xigua Video is an online video-sharing platform that is also involved in the production of both film and TV content. On top of this, ByteDance takes research quite seriously, which will presumably add more products in the times to come to supplement its ongoing acquisitions.

Can You Even Buy ByteDance Stock?

There is no way for interested individuals to buy ByteDance stock because it is a privately-held company. However, the people who run the company has shown an interest in holding an IPO at some point in the future, meaning that this might not remain the case in the future. Still, recent occurrences suggest that this won't be happening in the very near future. For those who are unfamiliar, the Chinese government is moving to tighten regulations on the collection of personal information by ByteDance as well as other tech companies that operate in the Chinese market, which was prompted by consumer privacy concerns as well as an better understanding of exactly how much power these companies wield. Due to this, interested individuals shouldn't expect ByteDance to move in the direction of an IPO until it has finished adjusting its operations to conform to the new regulatory framework in its home market.