Sources: ByteDance plans a buyback from employees that values itself at $223.5B, down 26% YoY; last year it made $20B+ in operating profit but saw revenue slow (Wall Street Journal)

Wall Street Journal:
Sources: ByteDance plans a buyback from employees that values itself at $223.5B, down 26% YoY; last year it made $20B+ in operating profit but saw revenue slow  —  Social-media company reported an operating profit of more than $20 billion as its valuation fell by about 26%

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