ByteDance's $330 Billion Buyback: Undervalued or Strategic?

TikTok's parent company ByteDance is worth more than Coca-Cola, but why is it undervaluing itself? Fidelity says ByteDance is worth $385 billion, but ByteDance is offering employees a share buyback at a $330 billion valuation. Is this a move to save money before a potential IPO or deal? And how does U.S. government pressure to sell TikTok's American operations factor in? Get the breakdown on ByteDance's valuation puzzle and what it means for the future of TikTok. Hosted on Acast. See acast.com/privacy for more information.