TikTok Parent ByteDance's Market Value Reaches $300 Billion

TikTok owner "ByteDance" faces threats of a ban in the United States, the company has been valued at $300 billion, a valuation that comes as the company seeks to shore up its investments by offering to buy back its shares at a price of up to $180 per share.

Despite the political challenges, ByteDance investors still see the return of former US President Donald Trump as a boost for TikTok in the United States.

According to a recent report, ByteDance has given itself until January 2025 to implement its plan to sell TikTok or face a ban, in light of the new laws imposed by the Biden administration. The White House confirmed that the aim of this legislation is to end China’s ownership of the app for reasons related to national security, but it ruled out banning TikTok completely.

On its part, the company has filed a lawsuit to stop the implementation of this law, a development that reflects the complex legal and economic situation that ByteDance faces in its largest international markets.

Trump had indicated in a previous interview that he supports TikTok as an important competitor in the field of social media, saying, “If you don’t have TikTok, you have Facebook and Instagram.” Although he had previously described the application as a threat to national security, he eventually joined the platform used by about 170 million Americans.