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Sources: ByteDance's new round of employee stock buybacks will bring the company's valuation to over $330 billion.
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According to Jinse Finance, citing Walter Bloomberg, sources reveal that ByteDance's new round of employee stock buybacks will bring the company's valuation to over $330 billion, up from $315 billion in the previous round. ByteDance's revenue grew by 25% in the second quarter, reaching approximately $48 billion. ByteDance's TikTok U.S. operations remain unprofitable.
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