Sources: ByteDance's new round of employee stock buybacks will bring the company's valuation to over $330 billion.
According to Jinse Finance, citing Walter Bloomberg, sources reveal that ByteDance's new round of employee stock buybacks will bring the company's valuation to over $330 billion, up from $315 billion in the previous round. ByteDance's revenue grew by 25% in the second quarter, reaching approximately $48 billion. ByteDance's TikTok U.S. operations remain unprofitable.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US CFTC plans to expand cryptocurrency regulation by adopting Nasdaq surveillance system
US CFTC Expands Cryptocurrency Oversight Using Nasdaq Surveillance System
Nvidia earnings report to be released soon, Wall Street focuses on the direction of the AI market
Bio Protocol announces upcoming launch of AUBRAI staking
Trending news
MoreCrypto prices
More
