2023-10-04 13:02:15
Published on Oct. 3, 2023 at 12:55 p.m. Updated on Oct. 4, 2023 at 3:02 p.m.
We can make millions of teenagers dance on the planet, be the app that’s on the rise and the “star” of high school classes… This won’t stop the markets from sanctioning risk.
Bytedance, the Chinese company behind TikTok, saw its valuation fall by around a quarter over a year. According to the American media “The Information” and the Archyde.com agency, citing sources close to the matter, the group is in the process of buying back shares from its American employees: the operation would value the company at 223.5 billion dollars, compared to around 300 billion a year ago, during a previous share buyback program.
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#TikToks #parent #company #valuation #melt