ByteDance plans to repurchase shares, with a valuation of $400 billion
2026-11-14 10:25:01
According to CoinMeta, ByteDance is planning a stock repurchase valued at $400 billion, highlighting the scale of this private company in competing for attention and advertising revenue with Meta Platforms. Based on the relevant information, the total amount of the proposed repurchase could be as high as $6 billion. ByteDance reported revenues of approximately $120 billion in the first half of 2026, a year-on-year increase of about 30%. The net profit was around $20 billion, which decreased due to the company's increased investment in artificial intelligence.
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Source:Benzinga
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