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TikTok owner ByteDance reportedly made a profit of $3 billion on $17 billion of revenue last year

TikTok owner ByteDance reportedly made a profit of $3 billion on $17 billion of revenue last year

Posted By: Editorial Teamon: May 27, 2020In: NEWS, PEOPLENo Comments

TikTok owner ByteDance made a net profit of $3 billion last year, according to a report from Bloomberg on Wednesday that cited people familiar with the matter. The fast-growing company more than doubled its revenue from $7.4 billion in 2018 to $17 billion in 2019, according to the report, which states that it also has a […] Read more

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