Official U.S. government announcement or legal ruling

ByteDance Valuation Hits $300 Billion with $180/Share Buyback Amid U.S. Ban Uncertainty

Nov 16, 2024, 04:55 PM

ByteDance, the parent company of TikTok, has reportedly valued itself at approximately $300 billion, marking one of its highest valuations to date. This valuation comes amid ongoing uncertainties regarding the app's future in the U.S., where it faces potential bans. The figure is linked to a recent buyback offer, which was priced at $180 per share. Despite the looming regulatory challenges, some investors remain optimistic about the company's prospects, particularly with the possibility of a return to power for Donald Trump.