Facebook's Chinese Rival Internally Shares Its Financial Reports; Losses Mount In Its Bid For Growth
TikTok parent ByteDance Ltd saw its operating losses more than triple last year to above $7 billion as it spent heavily to continue its torrid growth, the Wall Street Journal reports citing financial info shared with employees. ByteDance also produced an operating profit in the first quarter of 2022, the report showed. ByteDance has closely…
Benzinga ·