But thanks to over 1.5 billion monthly active users, TikTok’s revenue topped US$17 billion last year, with a staggering $3 billion in net profit. This is a platform intended for the universe of influencers, content creators and marketing tycoons.
Paid advertising is another thing on the system and brands are still discovering what they can accomplish with the products it gives. However, it’s the organic content campaigns that are creating the most achievement.
In case you’re certain that your target audience is utilizing it and your brand is fit for creating engaging content on this sort of platform, at that point it may be an ideal opportunity to begin using the network.
TikTok, formerly known as ByteDance, is still privately held, meaning its shares are not available on the stock market yet.
Since it’s not possible to buy its stock from the stock market, there might be other possibilities for investors to invest in ByteDance pre-IPO. It’s unlikely that there will be another funding round in the short-term, waiting for ByteDance to become public seems to be the simplest route to invest in TikTok.