TikTok's parent company, ByteDance, values itself at approximately $300 billion in a recent buyback offer, its highest valuation yet. The valuation reflects the company’s growth, even as TikTok faces a potential U.S. ban. ByteDance’s valuation has surged in recent buybacks. ByteDance investors view President-elect Trump’s return as favorable for TikTok despite his prior support for a ban. The app remains under scrutiny over national security concerns.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02TikTok's parent company ByteDance values itself at approximately $300 billion in a recent buyback
00:08offer, its highest valuation yet. The valuation reflects the company's growth even as TikTok
00:13faces a potential U.S. ban. ByteDance's valuation has surged in recent buybacks.
00:18ByteDance investors view President-elect Trump's return as favorable for TikTok despite his prior
00:24support for a ban. The app does remain under scrutiny over national security concerns.
00:29For all things money, visit Benzinga.com slash GSTV.