Report: TikTok’s parent company lost $1.2bn in 2018
Posted on: 7 mars 2019, by : Stuart Dredge

The recent $5.7m settlement between TikTok and the US Federal Trade Commission was the biggest ever fine in a child-privacy case. But the amount pales next to the amount TikTok’s parent company Bytedance lost in 2018, according to a report by tech site The Information. It claims that Bytedance’s losses were $1.2bn last year, after making […]
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