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923 ByteDance Is a Steal Even Without TikTok

The Information
Juro Osawa @ The Information · 01/21/2025 09:00 EDT

ByteDance Is a Steal Even Without TikTok

TikTok might have restarted operations in the U.S., but investors in the app’s parent company, ByteDance, remain in the dark about its future. For those debating buying into ByteDance shares, however, it doesn’t matter. Whatever happens, ByteDance stock is severely undervalued.

Even if TikTok were to disappear entirely from the U.S., cutting off the app’s biggest market for advertising and a major source of its content, ByteDance should be worth $700 billion, applying the average multiple at which Meta Pla

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