TikTok parent ByteDance's valuation hits $300 billion, sources say

After proposing a share buyback program at $180.70 per share, ByteDance, parent company of TikTok has been valuing itself at $300 billion, a 12.9% increase in per share price from the previous buyback value of $160. According to one source, ByteDance had already been planning a buyback program, regardless of the US presidential election's results.