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The Information

·3 years ago
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TikTok’s Owner ByteDance Generated Nearly $7 Billion in Cash in First Quarter
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TikTok’s Owner ByteDance Generated Nearly $7 Billion in Cash in First Quarter

The cash machine of TikTok’s owner is getting bigger. ByteDance’s revenue rose 34% to $24.5 billion in the first quarter of 2023, a slight slowdown from its 38% revenue growth in the 2022 calendar yea

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