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ByteDance , the Chinese company that possess TikTok , value itself at $ 300 billion in a late part repurchase go , according toa newfangled story in The Wall Street Journal .
That number might sound familiar , as the WSJpreviously reportedon a ByteDance buyback offering at a $ 300 billion rating back in September 2022 . But a year later , the company ’s valuation hadreportedly fallen 26 % , to $ 223 billion .
TikTok ’s prospects in the United States may belooking up following the election of Donald Trumpto his second full term as U.S. president .
In April , President Joe Biden signed a bill that wouldban TikTok in the United Statesif ByteDance fail to sell the unforesightful - form telecasting app . The company was given nine month to make the sale , with the chairwoman given the choice to extend the deadline by an surplus three months . ( ByteDance issuing the U.S. governmentover the Bachelor of Arts in Nursing . )
While Trump had also called for a TikTok ban during his first terminus , he has later on post that he will “ SAVE TIK TOK IN AMERICA , ” and Republican megadonor Jeff Yass isa major ByteDance investor .
