Sources: ByteDance plans a buyback from employees at a $223.5B valuation, down 26% YoY; it made $20B+ in operating profit in 2022, but revenue growth slowed (Wall Street Journal)

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Wall Street Journal:
Sources: ByteDance plans a buyback from employees at a $223.5B valuation, down 26% YoY; it made $20B+ in operating profit in 2022, but revenue growth slowed  —  Social-media company reported an operating profit of more than $20 billion as its valuation fell by about 26%

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