Is ByteDance a struggling business?

The company recently offered to buy back its stock from its employees, but the issue is, it’s valuing itself at around $223 billion, which is about 26% less than the $300 billion at which it previously offered to buy back its own equity. So does the valuation cut mean that ByteDance is a struggling business? Not in the slightest.

Is ByteDance a real company?

You could be forgiven for not having heard the name Bytedance before the recent news. The founder, 35-year-old Zhang Yiming, rarely gives interviews, and the company’s Western-facing media presence is close to nonexistent. But the company’s global ambitions are real and so are its chances.

Is ByteDance a mobile-first company?

On its website, Bytedance claims to be “one of the first companies to launch mobile-first products powered by machine learning technology,” with Zhang having seen an opportunity “to combine the power of artificial intelligence with the growth of mobile internet to revolutionize the way people consume and receive information.”