Reported 7 days ago
ByteDance, the parent company of TikTok, has reached a valuation of approximately $300 billion as it approaches investors for a share buyback program, offering $180.70 per share, a 12.9% increase from its last buyback price. Despite ongoing legal challenges regarding its U.S. assets and uncertainty surrounding TikTok's future in the U.S. market, ByteDance's global revenue rose 30% last year to $110 billion. The company plans to continue its buyback strategy regardless of the U.S. presidential election outcomes.
Source: YAHOO