Is TikTok profitable? Recent reports suggest that ByteDance, which owns TikTok, generated a net profit of $3 billion in 2022. While determining the amount of profit TikTok generated individually may be impossible, the fast-evolving company nearly tripled its revenue to $17 billion in 2019 from $7.4 billion in 2018. The report also revealed that TikTok’s […]
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