TikTok may get $330-billion valuation in new share buyback

ByteDance, the parent company of TikTok, is planning a new employee share buyback, valuing the company at over $330 billion. This decision follows a 25% year-on-year surge in second-quarter sales, reaching approximately $48 billion, primarily driven by its China business. The buyback offers employees liquidity without an IPO, highlighting ByteDance’s financial strength.

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