Secret report: TikTok faces heavy losses

Economy 10/11/22, 17:54

China's ByteDance Ltd., the parent company of TikTok, communicated to its employees through a financial report that operating losses for the years 2020 and 2022 have tripled to more than $7 billion. Apparently, the company spent more than it earned. However, in the first quarter of 2022 it showed a small ...

Sales of TikTok’s ByteDance grow 70% in 2021

Economy 01/23/22, 16:17

ByteDance, the company that owns TikTok, saw its total revenue climb by 70% year-on-year to about $58 billion in 2021, according to Reuters.  It was more remarkable growth than expected by tech news website The Information, which said that its sales were on track to rise about 60% to $63.07 billion ...

Trump’s tariffs on China help protect US jobs: Gina Raimondo admits

U.S. 04/14/21, 19:59

It wasn't too long ago that the Democrats were jumping up and down over Trump's plan to increase tariffs on Chinese goods, claiming a trade war is not in the U.S. best interests. Ironically, the Biden team has admitted the tariffs have just succeeded. During White House media conference on Wednesday, ...

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