AT&T responded to increasing questions about its ability to weather the economic downturn by laying out a series of steps it has taken to improve its financial flexibility, including taking out a short term $5.5 billion loan to add to its cash position. The telecom giant, in a statement, said that it expects “sizing” of its “operations to economic activity” will provide further cash to...
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TikTok’s Owner Generated Nearly $7 Billion in Cash From Operations in First Quarter
The cash machine of TikTok’s owner is getting bigger. ByteDance’s revenue rose 34% to $24.5 billion in the first quarter of 2023, a slight slowdown from its 38% revenue growth in the 2022 calendar year, according to detailed financial results viewed by The Information. But the company generated $6.8 billion in cash from operations in the period, an improvement from $5.8 billion in...
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