Reported 7 days ago
ByteDance, the parent company of TikTok, has valued itself at approximately $300 billion, a significant increase despite ongoing challenges to maintain its app in the US. This valuation emerged from a recent buyback offer, indicating growth from previous months. The potential for a federal ban on TikTok also looms unless ByteDance sells the platform to an American firm by mid-January, although political changes could alter the situation.
Source: YAHOO