Reported about 5 hours ago
ByteDance, the parent company of TikTok, is set to buy back shares at a higher valuation than six months ago, offering $189.90 per share to U.S. employees. This represents an 11% increase from the previous year's buyback price, reflecting a potential valuation of around $315 billion as the company recovers from a valuation drop in 2023 amid concerns over a potential U.S. ban on its popular app.
Source: YAHOO