SAWT BEIRUT INTERNATIONAL

| 2 March 2024, Saturday |

ByteDance’s gross profit up 93 percent to $19 billion last year – WSJ

TikTok Owner ByteDance’s gross profit surged 93 percent to $19 billion last year, while its net loss for 2020 totaled $45 billion, the Wall Street Journal reported on Thursday, citing a memo.

The company’s revenue last year more than doubled to $34.3 billion, the newspaper said.

    Source:
  • Reuters