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TikTok-parent ByteDance offers to buy back stock from staff at higher price

November 8, 2023
Source: seekingalpha.com seekingalpha.com
News Snapshot:
ByteDance (BDNCE) is offering to buy back stock options from its employees outside of the U.S. at $160 apiece, a price higher than earlier this year, CNBC reported. The move by the TikTok-parent is aimed at boosting motivation and inducing confidence among employees after a challenging year, the report added. ByteDance told employees outside of the U.S. that it is offering to buy restricted stock units, or RSU, or options from them for $160 each, up from the $155 price the company was offering in April. The U.S. employees were given the same offer earlier this year, the report noted....
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China Tech Buzz Topics: Business | ByteDance | CEO | China | CNBC | data | IT | management | online video | regulation | report | social media | staff | stock | technology | TikTok | U.S. | user

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