Bytedance Valuation Soars To $300B Despite Threat Of US TikTok Ban

Quick Summary:

According to a report by the Wall Street Journal, ByteDance’s valuation has consistently been on the rise in recent share buybacks over the past year, reflecting the company’s rapid global growth.

This move indicates the company’s optimistic outlook on its growth trajectory, despite the potential ban on TikTok in the U.S., a decision mandated by a law signed by President Biden earlier this year.

ByteDance, the parent company of the globally popular app TikTok, has set its valuation at a whopping $300 billion.

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Article Details

Author / Journalist: Bibhu Pattnaik

Category: Technology

Markets: United States

Topics: Tech TikTok Top Stories Donald Trump IPO News AI Generated ByteDance Valuation Benzinga

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 17:32:47 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 408 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23702707

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