TikTok makes more money than Meta

As part of the share buyback program it plans to launch this autumn, the Chinese technology giant plans to offer its current employees $200.41 per share.

This represents a 5.5% increase on the $189.90 offered in the last transaction of this type, six months ago. at that time, the company’s valuation was around 315 billion.

Byte Dance is currently the world’s leading social networking company in terms of sales. Its revenues increased by 25% in one year. In the second quarter, they reached $48 billion, according to Reuters sources.

In the first quarter, Byte Dance’s revenues exceeded $43 billion. The company thus became the world’s leading social networking company in terms of sales, ahead of Meta – owner of Facebook and Instagram – and its $42.3 billion over the same period.

ByteDance’s valuation, however, remains well below Meta’s market capitalization of around $1900 billion, a difference analysts attribute largely to the political and regulatory risks the Chinese group faces in the US.

Details of Byte Dance’s revised valuation and second-quarter sales growth had not yet been disclosed. Reuters’ sources requested anonymity, as they were not authorized to discuss this information with the media.

While its value continues to rise, Byte Dance is still under pressure from the White House to sell off its US arm. In June, U.S. President Donald Trump extended the deadline for selling the assets to one or more U.S. investors to September 17, 2025.