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Benzinga
Benzinga
Business
Ananya Gairola

TikTok Parent Overtakes Meta In Revenue, Valuation Soars To $330 Billion Despite US Sale Pressure, Ban Threats: Report

22.07.2018.,Barnaul.,Russia.,Women,Holding,Phone,With,Tiktok,Logo,On

ByteDance, the Chinese tech giant behind TikTok, is reportedly preparing a new employee share buyback program that will value the company at more than $330 billion, even as it faces intense political scrutiny in the U.S. and pressure to divest TikTok's U.S. operations.

ByteDance Raises Valuation With Buyback Plan

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