The Family of Apps segment's products include Facebook, which enables people to share, discover, and connect with interests Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices through chat, audio and video calls, and rooms and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. It operates in two segments, Family of Apps and Reality Labs. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. We'll update this page with more information as it becomes available.Ĭompany summaryMeta Platforms, Inc. There's no news yet about how much the stock will cost when it goes public. The exact IPO date has not been announced. TikTok is expected to go public, although it has not yet filed a viewable registration document with the US Securities and Exchange Commission (SEC). ByteDance has also now released any IPO details What we know about the TikTok IPO But not many details have been released about what that might look like or when it would happen. Now that many of the concerns about TikTok have been laid to rest, the company may once again look to launch an IPO. But Walmart will have a 7.5% stake and Oracle will have a 12.5% stake, plus the authority to conduct checks on TikTok's code - a key part of the deal. The new deal left the Chinese company ByteDance with majority ownership of the app. But its deal with Oracle and Walmart to form TikTok global laid many of those concerns to rest and allowed the app to stay available to US users. TikTok last fall came under fire for its ties to China amid privacy concerns. You can follow news on a ByteDance IPO here. ByteDance hired a CFO March 24 in what reportedly is a move toward a public offering. Rumors that TikTok may go public persist, but the latest move by its parent company, ByteDance, suggests that may see that company stage an IPO first.
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