ByteDance’s gross profit rose 93% to $19 bln last year
Thu Jun 17 2021
Lucy Harlow (3741 articles)

ByteDance’s gross profit rose 93% to $19 bln last year

TikTok Owner ByteDance’s gross profit surged 93% 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 newspape

Lucy Harlow

Lucy Harlow

Lucy Harlow is a senior Correspondent who has been reporting about Commodities, Currencies, Bonds etc across the globe for last 10 years. She reports from New York and tracks daily movement of various indices across the Globe