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Gone very quiet here this week! Twitter now also involved along with microsoft I thought this would be a bit more lively
Twitter and TikTok. Interesting days ahead
"Microsoft is set to acquire parts of Chinese-owned Tik Tok the song and dance app, a move that exemplifies Big Tech's insatiable appetite for more users (and their data). One aim of Trumps threat to ban US companies dealing with Tik Tok is to facilitate this purchase ". Quote. Make your own mind up.
Piece I came across:
The popularity of ByteDance among IG clients trading the grey market continues, with the firm’s expected market capitalisation topping $200 billion.
Indeed, the expected market cap went from $160 billion on 24 June to $200 billion by the end of the last full week of June, a sign of resurgent risk appetite and helped along by news that the firm reported a 130% increase in Q1 revenues compared to last year, to $5.6 billion. The boom in social networking has come as economies across the globe went into lockdown, with TikTok itself recording 315 million downloads in quarter one (Q1).
This alone would be enough to drive an upsurge in interest ahead of the IPO but as social media titan Facebook hits a rocky patch with advertisers TikTok has become even more popular. As advertisers cut back on spending on ads seen on Mark Zuckerberg’s platform, so they will cast around for other destinations for their funds. And as TikTok explodes in popularity, reaching more people, so the attraction of ads on that platform increases, driving up revenue.
TikTok is unlikely to surpass Facebook for the time being as the premier social media platform, but with such huge growth in user numbers it is easy to see why the IG grey market has seen such a rise in recent weeks.
This share is high risk....high reward. Not for a novice. I am guestimating........reasoned analysis......without four fifths of the figures I would really want to assess an investment in normal circs. That is its nature. Can't change that. Want safety......buy Mircosoft! IMHO DYOR
Exactly... Low/no shares....low liquidity.
Circa 19m FF. Wide spread is MM's don't have shares. Every time they sell to you they have to short. They need to recover from a seller too. In spread 4p-7.9p the real share price is circa 5.8p
The spread represents the risk and profit to the MMs.
Often with volatile stocks e.g. low liquidity, Low freeflow the MMs will have a widened spread.
Ok fair enough. Thanks for replying.
As you are aware, there is no data. The only figures we have is $1M invested in May 2019 in the whole of Bytedance, not just tiktoc, all else is fag packed guessing, reasoned, but guess nevertheless. Until WSL tell us its per centum interest in Bytedance, we are all in the dark. GL
Aviz....question. in relation to your calculations in your post (see section of your post copied at bottom) ; how have you determined these valuations.
You're suggesting the 1mill investment has gone up 38 times in value since bytedances latest raise in 2019, which worldsec took part in.
You obviously didn't like my views when I last posted on here and you assumed im a deramper. I may well be wrong, and I'm not going in for an ego contest, I'm open minded to hear others views. I just can't see what you're seeing but I'm genuinely interested to understand how you've determined those calcs. What's the reasoning / what supports the data behind each figure...
More fag pack cals: I assume a conservative estimate of our original $1M investment is now worth £2M (Sterling). If US, Britain, Australia and NZ (possibly India) use of tictok is worth $50M then that is £38m (sterling).
Can someone tell me why is the spread so high between buy and sell are their expecting this share to fly up in the future
More fag pack cals: I assume a conservative estimate of our original $1M investment is now worth £2M (Sterling). If US, Britain, Australia and NZ (possibly India) use of tictok is worth $50M then that is £38m (sterling). Assuming a premium will be paid (maybe not!), then sky is the limit. However, our investment is in the whole of Bytedance. With our MCAP sitting at £5M at the moment, you can guess where this will end up, for I have no clue. DT has signed the Executive Order so the 15 Sept is the absolute deadline. Spread putting people off, but well worth paying in my view for what is likely to come next (5 weeks). AIMHO Please DYOR
At 10 March 2020, the Company was aware of the following direct or indirect interests representing 5% or more of the Company's issued share capital:
No. of shares
issued share capital
HC Investment Holdings Limited (Note i)
Yue Wai Keung
Luis Chi Leung Tong
Henry Ying Chew Cheong
Aurora Nominees Limited (Note ii)
Vidacos Nominees Limited (Note ii)
TikTok’s decision to establish its first European data centre in Ireland, representing a substantial investment here by the company, is very welcome and, following on from the establishment of its EMEA Trust & Safety Hub in Dublin earlier in the year, positions Ireland as an important location in the company’s global operations,” IDA Ireland CEO Martin Shanahan said.
Australian prime minister Scott Morrison said at a major security forum this week that he saw 'no evidence' of data abuse in the popular social media platform and that Canberra had "a good look" at potential security threats. Chinese ambassador to the US, Ciu Tiankai, slammed Trump's comments, stating that forcing the TikTok sale would violate US free market principles.
I'm curious as to what the $1 million investment made in 2019 is worth now?
Microsoft has posted a statement today on its corporate blog that says it will continue discussions on a potential TikTok purchase in the U.S. As a part of the statement, it says that it may invite other “American investors” to participate on a minority basis.
The purchase would cover TikTok operations in the U.S., Canada, Australia and New Zealand and would result in Microsoft owning and operating it in those markets. One region not mentioned here is India, which could provide an interesting future opportunity for both companies if this deal goes down. If Microsoft can position itself as a steward of TikTok, it removes the data issue (if not the over-arching national tensions between China and India).
This is Equity Monday, our weekly kickoff that tracks the latest big news, chats about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here, and myself here, and don’t forget to check out last Friday’s episode.
As you probably expected, we had a lot to say about the TikTok -Microsoft tie-up that is somehow still afoot. Other things happened too, don’t worry. Here’s the rundown:
The TikTok-Microsoft deal is back on.
Lordstown Motors is looking to go public via a SPAC. To which we have to say that the EV boom and SPAC crush are going to fuse and lose some people a lot of money. Not this deal, necessarily, mind.
Google is dumping money into ADT as part of a Nest deal.
And Zoom’s latest move regarding the Chinese market feels like a harbinger of times to come.
On the TikTok front, Microsoft never really fully abandoned consumer hardware and software, it just pruned deeply under its current CEO Satya Nadella. Windows Phone? Gone. Surface? Bigger than ever. Mixer? No. Bing? Yep. That sort of thing. And Microsoft, like any modern super-platform, doesn’t just want to own your time when you are at work. It wants to burn your eyes out around the clock.
For a host of ByteDance backers like Yuri Milner, Sequoia Capital China, General Atlantic, SoftBank and Goldman Sachs and Morgan Stanley, the deal could be rather lucrative, we presume.
Rounds for Wejo (coverage here), Lezzoo (coverage here) and Feather (coverage here).
Finally, why does Microsoft want to buy TikTok? We had a number of ideas that all sort of summed to maybe, but when we ran through the big tech companies that were possible suitors — ports in the Trump storm — maybe Microsoft makes more sense than we would have guessed?
Me know, seemed a easy short???It was just waiting for it to go down again??? But It could go back to 10 who knows
Who’s buying on this spread?!
Where can I buy wsl?
I tried earlier on my current platform it couldn't find anything, many thanks people.