TikTok could soon be sold. Here's how much it's worth. [Yahoo! Finance]
The Carlyle Group Inc. (CG)
Last the carlyle group inc. earnings: 4/30 06:40 am
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Source: Yahoo! Finance
TikTok is vowing to fight the new law in the courts, with CEO Shou Chou saying in a video posted to the service yesterday that "the facts and the Constitution are on our side." He added that TikTok expects "to prevail again," referring to Montana's efforts to ban the app, which was blocked by a federal judge. That being said, TikTok is likely to attract attention from numerous suitors, given that the social media service is used by 6 in 10 Americans under the age of 30. Its algorithm offers up constantly scrolling videos pegged to users' personal interests and habits, creating an addictive stream that keeps them glued to the app. That could prove extremely valuable to a number of suitors, as long as TikTok is sold with its "golden jewel algorithm," Wedbush Securities analyst Dan Ives told CBS MoneyWatch. With the algorithm, he said, "We estimate TikTok is worth $100 billion." But TikTok's owner could strip out that proprietary piece of technology in a sale, making it much les
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News
- After Plunging -13.6% in 4 Weeks, Here's Why the Trend Might Reverse for Carlyle (CG) [Yahoo! Finance]Yahoo! Finance
- The U.S.'s TikTok ban is full of contradictions [Yahoo! Finance]Yahoo! Finance
- The U.S.'s TikTok ban is full of contradictions [Fortune]Fortune
- The Carlyle Group Inc. (NASDAQ: CG) had its price target lowered by analysts at Barclays PLC from $56.00 to $47.00. They now have an "overweight" rating on the stock.MarketBeat
- The Carlyle Group Inc. (NASDAQ: CG) had its price target lowered by analysts at TD Cowen from $49.00 to $45.00. They now have a "hold" rating on the stock.MarketBeat
CG
Earnings
- 5/2/24 - Miss
CG
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- CG's page on the SEC website