TikTok parent ByteDance reportedly values itself at $300B

Quick Summary:

ByteDance, the Chinese company that owns TikTok, valued itself at $300 billion in a recent share buyback offer, according to a new report in The Wall Street Journal.

That number might sound familiar, as the WSJ previously reported on a ByteDance buyback offer at a $300 billion valuation back in September 2022.

While Trump had also called for a TikTok ban during his first term, he has subsequently posted that he will “SAVE TIK TOK IN AMERICA,” and Republican megadonor Jeff Yass is a major ByteDance investor.

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Article Details

Author / Journalist: Anthony Ha

Category: StartupsBusiness

Markets: United States

Topics: Startups TikTok Social TikTok Ban In Brief Apps Bytedance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-16 @ 17:26:40 (3 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 186 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 27 words per sentence (average)

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

Copyright Owner: © TechCrunch

News ID: 23700736

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