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Briefing

TikTok Parent ByteDance’s Losses Tripled Amid Growth Push

By
Kaya Yurieff
· · Source: The Wall Street Journal

ByteDance’s operating losses more than tripled last year to more than $7 billion amid spending on growth, the Wall Street Journal reported , citing a financial report shared with staff. The TikTok parent company’s net loss widened by more than 87% to $84.9 billion in 2021, while revenue soared almost 80% to $61.7 billion last year, the Journal reported. The report, which covers 2020 and 2021,...

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