Wall Street Journal:

Sources: ByteDance plans a buyback from employees at a $223.5B valuation, down 26% YoY; it made $20B+ in operating profit in 2022, but revenue growth slowed  —  Social-media company reported an operating profit of more than $20 billion as its valuation fell by about 26%

Wall Street Journal:

Sources: ByteDance plans a buyback from employees at a $223.5B valuation, down 26% YoY; it made $20B+ in operating profit in 2022, but revenue growth slowed  —  Social-media company reported an operating profit of more than $20 billion as its valuation fell by about 26%

Source: TechMeme
Source Link: http://www.techmeme.com/231002/p15#a231002p15