Reported 7 days ago
ByteDance, the parent company of TikTok, has recently valued itself at approximately $300 billion following discussions with investors about a share buyback program at $180.70 per share, reflecting a 12.9% increase from their previous valuation. The company has been engaged in buyback programs since 2022 and continues amid legal challenges regarding its U.S. operations, including a potential ban on TikTok based on national security concerns. Despite the uncertain regulatory landscape, ByteDance's global revenue has seen significant growth, indicating strong financial health.
Source: YAHOO