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6h ago

ByteDance Plans Fall Employee Buyback Valuing Company Above $330 Billion

The higher price follows reported second-quarter revenue growth of about 25% to roughly $48 billion.

The ByteDance logo is seen at the company's office building in Shanghai, China July 4, 2023. REUTERS/Aly Song/File Photo
ByteDance Rakes in More Cash Than Meta but Faces TikTok Troubles
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Overview

  • Employees are set to be offered $200.41 per share, up 5.5% from $189.90 in the prior round that valued the company at about $315 billion.
  • ByteDance conducts biannual repurchases to provide staff liquidity and has been funding these programs from its own balance sheet.
  • Strong sales make ByteDance the top social-media company by revenue in recent quarters, outpacing Meta on comparable periods.
  • U.S. law requires divestiture of TikTok’s American operations by Sept. 17, 2025 after a deadline extension by President Donald Trump.
  • A U.S. investor consortium including Susquehanna, General Atlantic, KKR and Andreessen Horowitz is seen as the frontrunner, with ByteDance expected to keep a minority stake, while TikTok’s U.S. unit remains loss-making and the company continues heavy AI investment.