A Chinese state-owned entity owns 1 percent of Douyin, according to the ByteDance website. TikTok has said this is a requirement under Chinese law and does not impact ByteDance’s international operations. ByteDance’s founders have a 20 percent stake, and the remainder is held by employees, according to TikTok. With 2,400 staff representing 100 different nationalities,

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Outstanding shares can be owned by employees and board members — just not the actual corporation. The release of an innovative, revenue-driving product or service is one of the few ways a company can influence its stock’s valuation. Apple’s financial performance, including the ascendance of its share price, relies heavily on product sales. However its