Media: in 2021, ByteDance's net loss increased to $84.9 billion
ByteDance is a private company that has not been listed on the stock exchange, so it almost never publicly talks about its finances. However, recently a report for employees got to the journalists of The Wall Street Journal.
▪️By the end of 2021, ByteDance’s net loss increased by 84%. One of the reasons for the growth is the purchase of new companies, including gaming.
Annual revenue reached $61.7 billion (+80%).
▪️ByteDance identifies 46 risk factors for itself. Among them are the sanctions that the Chinese government may impose if it does not comply with the requirements of the authorities.
