TIKTOK OWNER BYTEDANCE EYES VALUATION OF OVER $330 BILLION AS REVENUE SURPASSES META

Summary from the TLDR newsletter

ByteDance is set to launch a new employee share buyback that will value it at more than $330 billion. It plans to offer current employees $200.41 per share in the repurchase program. The buyback is expected to be launched in the autumn. It's becoming increasingly common for late-stage private companies to conduct regular buybacks to retain and provide liquidity to employees without an exit, such as an initial public offering.