🚨🇨🇳 BYTEDANCE 📈HITS $330B VALUATION, SURPASSES META IN #REVENUE

🔥TikTok owner ByteDance is launching a new employee share buyback valuing the firm at over $330 billion, offering $200.41 per share, up 5.5% from February.

🔹Q2 revenue surged 25% YoY to $48B, topping Meta’s $42.3B, cementing its lead as the world’s largest social media firm by sales.

🔹Despite profits, TikTok’s 🇺🇸U.S. arm remains unprofitable amid mounting Washington divestment pressure ahead of the Sept. 17 deadline.

-Reuters