Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

TikTok’s Smaller US Rival Files For IPO

Short video app Triller Inc has confidentially filed for an initial public offering with the U.S. SEC. Recently, Triller terminated its merger with…
byAnusuya Lahiri
July 1, 2022
1 minute read
Total
0
Shares
0
0
0
0
0
0
  • Short video app Triller Inc has confidentially filed for an initial public offering with the U.S. SEC.
  • Recently, Triller terminated its merger with video advertising software provider SeaChange International, Inc (NASDAQ:SEAC) when it shared plans to pursue an IPO with a potential listing under the ticker symbol “ILLR” by September. 
  • Also Read: Triller Merging With SeaChange International: What Investors Should Know
  • Triller, launched in 2015, has looked to take on larger rival TikTok. 
  • Triller offers similar video sharing, editing, and social networking features to users on its platform.
  • Needham analyst and TikTok President recently shared how they felt that Meta Platforms Inc’s (NASDAQ:META) attempts to emulate TikTok would be futile as it continued to lose subscribers to the Chinese counterpart.
  • The filing comes amid a largely volatile market due to the tech selloff over macro uncertainties.
  • Recently, the Federal Communications Commission’s Brendan Carr urged Apple, Inc (NASDAQ:AAPL) and Alphabet, Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) to take down the TikTok app from their respective app stores over national security issues.
 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

Investor Optimism Improves Following Tech Earnings, Jobs Data; S&P 500 Gains For 4th Week

By Avi Kapoor
February 5, 4:19 AM
The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the "Greed" zone on Friday. U.S. stocks closed higher on Friday, with the S&P 500 index hitting a new record high during the session. For the week, the S&P 500 gained 1.4%, recording gains for the fourth week in a row.

AAPL