This is crazy!
Bytedance, the parent company of TikTok made $120 Billion in revenue and $40 Billions in Ebitda in 2023.
For comparison, Google made $97 Billion, Amazon got $100 Billion while Tesla just got little over $15 Billion in Ebitda in tge s
Apps owned by TikTok's parent company, ByteDance operating in US:
- TikTok
- TikTok Lite
- TikTok Studio
- TikTok Shop
- CapCut
- Lemon8
- Hypic
- Lark
All these apps will be banned.
Bytedance for the first time in history has crossed meta in revenue. And this is without being present in India. For those who dont know this is the parent company of tiktok.