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
Definition: EBITDA is a financial metric that measures how much money a company earns from its operations before deducting interest, taxes, depreciation, and amortization. It's useful for evaluating a company's operational profitability.
Why is EBI