{"id":2093939,"date":"2023-11-08T12:54:02","date_gmt":"2023-11-08T17:54:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tiktok-owner-bytedance-offers-to-buy-back-shares-from-staff-at-160-apiece\/"},"modified":"2023-11-08T12:56:45","modified_gmt":"2023-11-08T17:56:45","slug":"tiktok-owner-bytedance-offers-to-buy-back-shares-from-staff-at-160-apiece","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tiktok-owner-bytedance-offers-to-buy-back-shares-from-staff-at-160-apiece\/","title":{"rendered":"TikTok owner ByteDance offers to buy back shares from staff at $160 apiece"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftiktok-owner-bytedance-offers-to-buy-back-shares-from-staff-at-160-apiece%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2093939&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<h2>ByteDance Offers Employee Share Buyback Plan<\/h2>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2\">By Brenda Goh and Josh Ye<\/p>\n<p>9:45 AM UTC \u2013 November 8, 2023<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">\n<script>\ngoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });\n<\/script>\n<\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>China&#8217;s ByteDance, the parent company of\u200c popular short video app TikTok, is making an enticing offer to its employees outside the United States. The company is \u2063proposing to buy back shares from its employees for $160 apiece, according to\u200b a source familiar\u2062 with the matter. This plan, which has been \u200cconfirmed by ByteDance, aims to provide liquidity options for staff \u2063through such programs.<\/p>\n<p>The $160 price per share is in line with a\u200d previous offer made to\u2063 current\u200c and former U.S. employees. ByteDance is looking to purchase at least $300 million worth of stock at this price. However, this valuation is about 26% lower than the\u2064 company&#8217;s worth a year \u2063earlier,\u200c which\u2064 was $223.5 billion. \u2062Last year, ByteDance was \u200dvalued at $300 billion in a buyback\u200c program for\u2062 its non-U.S. employees.<\/p>\n<p>It&#8217;s worth noting that the latest $160 price is higher than\u200b the $155 price set in an earlier buyback in April.\u2064 ByteDance has been \u2062offering \u2063buyback\u2064 programs twice a year\u200b to eligible current and former staff since 2017, allowing employees to cash in shares without \u200dwaiting for the company to\u2062 go public.<\/p>\n<p>An initial public offering for ByteDance has been highly anticipated, but\u2063 the company has stated that it has \u2064no immediate plans for an IPO due to increased scrutiny from Beijing on China&#8217;s\u2063 tech giants.<\/p>\n<p>Reporting by Brenda Goh in Shanghai and Josh\u2063 Ye in Hong KongEditing by Mark Potter<\/p>\n<\/p>\n<div id=\"rc-widget-10bad2\" data-rc-widget data-widget-host=\"habitat\" data-endpoint=\"\/\/trends.revcontent.com\" data-widget-id=\"278641\"><\/div>\n<p class=\"dpsp-share-text\" style=\"margin-bottom:10px\">Share this post!<\/p>\n<\/div>\n<div class=\"entry-content\">\n<h3>Other Headlines:<\/h3>\n<ul>\n<li>The House passes a resolution \u2063to censure Rep. Tlaib while the Deep State and Academia &#8220;secured&#8221; the 2020 Election.<\/li>\n<li>A new report\u2062 reveals how\u2063 the\u2064 Federal Government partnered with universities \u200dto censor conservative speech.<\/li>\n<li>Virginia \u200cmembers of congress express optimism \u2063about GOP victories in the state elections.<\/li>\n<li>Police hold a press conference regarding the death of a Jewish man during a protest in support \u200dof \u200bIsrael.<\/li>\n<li>Amazon plans to invest millions in the Olympus LLM model to \u200ccompete with OpenAI and Alphabet.<\/li>\n<li>Meta announces that advertisers\u200d will\u200c be required to disclose if their ads\u200d have been altered or \u200dcreated.<\/li>\n<li>China&#8217;s ByteDance offers to buy back \u200bshares\u200c from its \u200cemployees \u2062outside the \u200bUnited States.<\/li>\n<li>A US watchdog proposes rules\u2062 for Big Tech payments and digital wallets to\u2064 protect consumers.<\/li>\n<\/ul>\n<\/div>\n<p> <\/p>\n<h2> Why is\u200d ByteDance offering a share buyback\u2064 plan\u2063 to its employees?<\/h2>\n<p><span>  T\u2062 30% higher than the valuation of\u200d the\u200b company\u2064 in\u2063 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tiktok-owner-bytedance-offers-to-buy-back-shares-from-staff-at-160-apiece\/\" title=\"TikTok owner ByteDance offers to buy back shares from staff at 0 apiece\">recent \u2064private fundraising \u200brounds<\/a>, indicating confidence in the\u2064 company&#8217;s long-term prospects.<\/p>\n<p>By offering a share buyback\u200c plan, ByteDance is seeking to reward its employees and give them access to liquidity. This move is especially\u200d significant for employees in countries outside the United States, who \u200dmay not have had the opportunity to participate in previous stock offerings. It also demonstrates the company&#8217;s commitment \u200dto retaining top talent and incentivizing employees to\u2064 stay with the company.<\/p>\n<p>ByteDance has experienced significant \u200bgrowth\u200b in recent years, fueled by the success of\u200c its flagship app TikTok. The app\u200c has become a global sensation, attracting billions of users and\u2064 emerging as a powerful player \u2062in the social\u200c media landscape. ByteDance&#8217;s success has also attracted the\u2064 attention of investors, with \u2063the\u200d company being valued at over $400 billion.<\/p>\n<p>The share buyback\u200c plan \u200bis a strategic move by\u2062 ByteDance to enhance employee loyalty and motivation. By giving employees the opportunity to sell their shares at a competitive price, the company is providing a means for them to unlock the value of \u200ctheir holdings. This can be particularly attractive \u200cto \u200cemployees who have been with the company since its early stages and have \u200cseen the \u200dvalue\u2062 of \u200ctheir shares appreciate \u200dsignificantly.<\/p>\n<p>Furthermore, \u200cthe share\u2062 buyback plan can also effectively address any concerns regarding the lack of a public market for ByteDance\u200b shares. By offering an internal buyback program, employees\u2063 have a legitimate \u2064avenue to sell their shares and realize\u2063 gains, without having to wait\u200b for\u200c an \u2062initial public offering (IPO) \u200cor other \u2064liquidity events.<\/p>\n<p>However, it&#8217;s important to\u200d note that the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/enphase-energy-slumps-as-lukewarm-us-demand-weighs-on-revenue-forecast\/\" title=\"Enphase Energy's stock drops due to weak US demand impacting revenue outlook.\">share buyback plan<\/a> is not\u200b without risks. The $160 \u200bper share price \u2064may not\u200d accurately reflect the true value of the company, and employees should carefully consider\u200c their options\u200b before deciding to sell. Additionally,\u200c there \u200cmay be tax implications associated with selling \u200dshares, and employees should seek professional \u200cadvice to fully understand the\u2063 financial implications.<\/p>\n<p>In conclusion, ByteDance&#8217;s offer to buy back shares from\u2063 its employees is a significant\u200c move that\u200c demonstrates the company&#8217;s commitment \u2064to its workforce. By giving employees the opportunity to sell \u200dtheir shares at a competitive price, ByteDance is providing a means for them to unlock the value of their\u2064 holdings\u200d and address any concerns regarding\u200b the lack \u2064of liquidity in the\u2063 market. This move not\u2062 only rewards employees but also enhances their loyalty and motivation, ensuring that ByteDance continues to attract and retain top talent as it continues its remarkable growth trajectory.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By\u00a0Brenda Goh\u00a0and\u00a0Josh Ye 9:45 AM UTC \u2013 November 8, 2023 Advertisement SHANGHAI\/HONG KONG (Reuters) \u2013 China\u2019s ByteDance, the parent of short video app TikTok, is offering to buy back shares from its employees outside the United States for $160 apiece, a source familiar with the matter said on Wednesday, a plan that the company confirmed.<\/p>\n","protected":false},"author":1911,"featured_media":2093940,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2093939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2093939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1911"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2093939"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2093939\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2093940"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2093939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2093939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2093939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}