4 ms·

The headline uses the word "earnings" incorrectly. > "ByteDance also saw its annual gross profit rise by 93% to to $19bn, while it recorded a net loss of $45bn

by IncRnd 5y ago

The headline uses the word "earnings" incorrectly. > "ByteDance also saw its annual gross profit rise by 93% to to $19bn, while it recorded a net loss of $45bn for the same period."

an_opabinia 5y ago
How did ByteDance lose $45b…
- azurezyq 5y ago
  They are expanding like crazy. Loss is not a problem at this stage.
- Barrin92 5y ago
  that too is answered in the article "The net loss was attributed to a one-off accounting adjustment and not related to the company's operations."