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TikTok parent ByteDance reportedly values itself at $300 billion

ByteDance, the Chinese company that owns TikTok, valued itself at $300 billion in a recent share buyback offer, according to a new report in The Wall

That number might sound familiar, as the WSJ previously reported on a ByteDance buyback offer at a $300 billion valuation back in September 2022. In April, President Joe Biden signed a bill that would ban TikTok from the United States if ByteDance failed to sell the short-form video app. While Trump had also called for a TikTok ban during his first term, he has subsequently posted that he will “SAVE TIK TOK IN AMERICA,” and Republican megadonor Jeff Yass is a major ByteDance investor.

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