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TikTok's parent company ByteDance is valuing itself at $330 billion. One big investor thinks it's worth even more.
Summary by Business Insider
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TikTok's parent company ByteDance is valuing itself at $330 billion. One big investor thinks it's worth even more.
Illustration of U.S. President-elect Donald Trump and TikTok logo.Dado Ruvic/REUTERS$6.4 trillion Fidelity is an investor in TikTok parent company ByteDance.Fidelity valued the Chinese company at the end of July at more than $385 billion.ByteDance is doing a share buyback and valuing itself at $330 billion — a 14% discount from Fidelity's mark.ByteDance believes it is worth more than Chevron, General Electric, and Coca-Cola. One of the world's b…
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Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
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