Chinese company ByteDance is reportedly buying back shares from its U.S. employees at a valuation of $223.5 billion, down 26% from the previous year. The company aims to purchase at least $300 million worth of stock from current and former employees. This comes as the private investment market experiences a decline in valuations due to the waning effects of the pandemic-era exuberance.
from Tech-Economic Times https://ift.tt/O9LS1C4
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