Bytedance Made $3 Bn Profit In 2019 But Still Misses Big Numbers From India
Shortpedia
Content Team
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China-base Bytedance, the owner of popular apps such as TikTok, Helo, Resso, Douyin and Vigo Video, earned over $3 Bn in net profit in 2019. Overall, the company posted $17 Bn in revenues in 2019, a 2X growth compared to the earnings by Bytedance in 2018. With 2019 revenue numbers, the startup is now valued close to $100 Bn. On the other hand, Facebook-owned Instagram had posted $20 Bn in revenues.
