ByteDance Valuation Rises in Latest Share Buyback:

According to two sources that spoke to Reuters this Tuesday, TikTok’s parent company, ByteDance, is buying back shares at a higher price than six months ago as it initiates its new share repurchase program for US employees this week.

ByteDance has informed its employees based in the US that the company will buy shares at $189.90 each. This new reimbursement rate is an increase of 11% to the previous rate of $181 six months ago and $171 from a year ago.

According to another source, these new share prices would place the company’s total valuation at $315 billion, showcasing the recovery of one of the world’s most valuable private firms after the drop in 2023.

The Chinese owner of the widely-used short video sharing application can maintain it’s regular share buyback program for the company’s private shareholders, demonstrating their robust balance sheet, which is further enhanced by growing domestic and international business, even while their popular app, TikTok is facing a potential ban in the US.

Last year, Congress adopted a law citing national security threats that require ByteDance to sell TikTok or the company will be banned from operating in the US after January 19th.

The application that is utilized by 170 million Americans nationwide suspended its work in the United States for a few hours before the ban was set to come into effect. It is claimed that Trump gave a stay to the order, so the application could resume its activities, after he was elected president Donald Trump Donald Trump.

Trump, at the same time, instructed the vice president JD Vance to take charge, while TW has 75-days to devise a strategy on how to work around the ban.

The firm has, however, in the recent past, interacted with the government for the purpose of formulating a scheme that would permit it to keep doing business in the US. Other United States-based employees who were skeptical about the app’s future and no defined backup framework did help restore confidence among US based employees that the firm’s latest share buyback program would increase morale.

Such a prospect to dominate one of the world’s most known video sharing application, or at least it’s audience in the USA, is an incredibly appealing opportunity, which is why the list of interested people from the finance and entertainment world is growing constantly.

Alexis Ohanian, the co founder of Reddit and high profile venture capitalist concentrates on aiding Frank McCourt, the former owner of the LA Dodgers, in acquiring TikTok’s operations in the US.

Additional bidders comprise a consortium of investors fronted by Tinsley, who runs a technology firm and includes the YouTube influencer MrBeast, born Jimmy Donaldson, along with entrepreneurs Reid Rasner from Wyoming. A representative from TikTok did not reply right away.