TikTok parent ByteDance reportedly values itself at $300 billion

ByteDance, the Chinese company that owns TikTok, has valued itself at $300 billion in a recent stock buyback offer, according to a new report from The Wall Street Journal. That number may sound familiar, as the WSJ previously reported a buyout offer for ByteDance at a $300 billion valuation in September 2022. However, a year later, the company's valuation has reportedly fallen 26% to $223 billion.

TikTok's prospects in the United States could improve after Donald Trump is elected to a second term as US President. In April, President Joe Biden signed a bill that would forbid Tiktok from the United States if Bayededance could not sell a brief video application. The company was given nine months for sale, and the president got the opportunity to extend the deadline for an additional three months. (ByTedance makes a lawsuit to the US government for a ban.)

While Trump also called for the ban on Tiktok during his first period, he subsequently published that he would “save Tika Toka in America”, and the Republican Megadonor Jeff Yass is a large investor.