Ripple Targets $50B Valuation With $750M Buyback Amid Major Partnerships

The past 24 hours have been quite eventful for Ripple. According to Bloomberg, the company is launching a share buyback program that values it at roughly $50 billion. The company’s plan is to repurchase up to $750 million in shares from employees and investors. The tender offer is expected to run through the month of April. Recall that Ripple previously raised $500 million at a $40 billion valuation. This happe…