Tuesday, October 3, 2023

Sources: ByteDance offers to buy back staff shares at a $223.5B valuation, down nearly 26% YoY, and made $20B+ in 2022 operating profit as revenue growth slowed (Wall Street Journal)

on October 03, 2023 0 Comment
Wall Street Journal:

Sources: ByteDance offers to buy back staff shares at a $223.5B valuation, down nearly 26% YoY, and made $20B+ in 2022 operating profit as revenue growth slowed  —  Social-media company reported an operating profit of more than $20 billion as its valuation fell by about 26%


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