News for hackers. Stuff that matters.

A comment on TikTok-owner ByteDance planning to layoff thousands in coming months. Parent comment

Re:TikTok-owner ByteDance planning to layoff thousands in co... by shuckles on Thursday February 23, 2023 @02:42PM (#34915406)
ByteDance almost certainly does many tens of billions of revenue a year.
[ Parent | on HN ]
Re:TikTok-owner ByteDance planning to layoff thousands in co... by woobar on Thursday February 23, 2023 @05:42PM (#34917746)
Prints money means profits.

Alphabets revenue in 2022 was $280B, with ~$60B profits.

ByteDance info is harder to find, but in 2021 it was ~$60B revenue, with $7B loss. [1]

https://musically.com/2022/10/07/bytedance-2021-financials/

[ Parent | on HN ]