The Chinese company behind TikTok, ByteDance, valued itself at $300 billion in a recent share buyback offer, according to a new report in The Wall Street Journal.
That number should sound familiar: WSJ previously reported on a ByteDance buyback offer at a $300 billion valuation last September 2022. However, a year later, the valuation of the company reportedly had plunged 26% to $223 billion.

The prospects of TikTok in the United States may just have turned a new corner as Donald Trump has been re-elected as US president for a second term.

President Joe Biden signed a bill into law that would ban TikTok from the United States if ByteDance did not sell the short-form video app, which will have nine months to make the sale-the president can extend it for another three months. (ByteDance is suing the US government over the ban.)

While Trump did also claim a TikTok ban during his first term, he has since posted that he will "SAVE TIK TOK IN AMERICA," and Republican megadonor Jeff Yass is a major ByteDance investor.