Briefing

ByteDance Raises Price for Employee Stock Option Buyback Program

By
Juro Osawa
· · Source: The Information

ByteDance, the Chinese parent company of TikTok, is offering a latest round of its employee stock option buyback program at a price higher than its previous round in April, according to a person with knowledge of the matter and an internal memo viewed by The Information. The program, which ByteDance usually offers twice a year, allows employees to cash in some of their stock options, at a time...

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