TikTok parent ByteDance reaches $300 billion valuation: report

ByteDance, TikTok’s parent company, has launched a new share buyback program valuing itself at $300 billion, a 12.9% increase from December 2023. The company is offering to purchase shares at $180.70 each, up from $160 previously. Despite strong revenue growth of $110 billion, ByteDance faces challenges in the US, where a new law requires it to sell TikTok’s US assets by January 19, 2024, or risk a ban.READ FULL