2022-10-06
Wall Street Journal
ByteDance's August report to staff says revenue grew 80% to $61.7B in 2021 but operating losses more than tripled to $7.15B as it spent heavily on growth
Social-media giant saw its operating losses more than triple last year to above $7 billion — TikTok, Instagram Reels or YouTube Shorts: Who Will Win the Short-Video Race? Thanks: @sal19
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