ByteDance’s 2023 Profits Surge 60% to $40 Billion, Report Shows — But Crown Jewel TikTok Still Hangs in the Balance

TikTok-owner ByteDance saw profit surge 60% in 2023 to $40 billion, though the future of the app remains uncertain in the US, Europe, and Indonesia amid regulatory concerns. ByteDance saw earnings surge from $25 billion to $40 billion in 2023, according to a report from Bloomberg…
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Jonathan Jeriah

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