TikTok investment (ByteDance)27 Jul 2020 14:37
Excluding the recent politics around TikTok’s privacy, the platform is massive and WSL invested $1m in this sometime before lockdown. There are some other investments in the portfolio too (not really worth mentioning) and they have a value, but the TikTok investment alone should be worth more than the market cap, especially if the IPO comes. On the face of it, the share looks like one to avoid, but the TikTok investment makes it have potential value of 4p where it was a few months ago. Maybe one for high risk, high return but not for the faint hearted.