ByteDance Valuation Soars to $330B Amid Share Buyback Plan
ByteDance, the Chinese tech giant behind TikTok, is contemplating a massive stock buyback that WOULD value the company at over $330 billion. The move highlights its expanding financial clout and dominance in social media.
The buyback program will offer employees $200.41 per share, a 5.5% increase from the previous $189.90 price. This upward adjustment reflects ByteDance's robust growth trajectory, with Q2 revenue surging 25% year-over-year to $48 billion. China remains its primary revenue driver, but international apps like TikTok are gaining momentum.
ByteDance has already eclipsed Meta in revenue, posting $43 billion in Q1 2025 compared to Meta's $42.3 billion. The company's resilience in navigating global regulatory hurdles underscores its market leadership.
