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Friday, Dec 09, 2022
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TikTok Owner Company ByteDance Reports 45$Bln Loss in Annual Revenue in 2020, Reports Say

TikTok Owner Company ByteDance Reports 45$Bln Loss in Annual Revenue in 2020, Reports Say

Chinese company ByteDance, which owns the popular social network TikTok, recorded a $45 billion net loss last year, mainly due to accounting adjustments, the Wall Street Journal reported on Thursday, citing a company memo.
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