As TikTok fights to keep its popular video app available in the US, investors in parent company ByteDance Ltd. are being forced to re-evaluate financial prospects for a business valued at more than $300 billion as recently as late last year.
Apple ’s App Store and the Google Play store have restored TikTok for U.S. users as of Thursday, after the companies had removed it on Jan. 19.
However, two publicly traded investment companies hold shares of ByteDance, and anyone can buy shares in them. KKR, along with SoftBank and General Atlantic, originally invested in ByteDance in 2018.
The app’s availability in the U.S. has been thrown into jeopardy over data privacy and national security concerns.
U.S. private equity groups have invested billions in data centers serving TikTok owner ByteDance, Kaye Wiggins, Eleanor Olcott, Owen Walker,
Some results have been hidden because they may be inaccessible to you
Show inaccessible results