34B$ revenue, and almost 100% yoy growth 🤯 for compression, Facebbok has a revenue of 26B$ with 1T$ valuation. This IPO would be insane 😅

WSJ News Exclusive | TikTok Owner ByteDance’s Annual Revenue Jumps to $34.3 Billion

34B$ revenue, and almost 100% yoy growth 🤯 for compression, Facebbok has a revenue of 26B$ with 1T$ valuation. This IPO would be insane 😅 WSJ News Exclusive | TikTok Owner ByteDance’s Annual Revenue Jumps to $34.3 Billion ByteDance’s gross profit rose 93% to $19 billion last year, according to a memo to staff. https://www.wsj.com/articles/tiktok-owner-bytedances-annual-revenue-jumps-to-34-3-billion-11623903622

Jozhe

might be worth $400 billion if its stock were trading today based on those results 🤔

Net loss is the last line of income statement. 
Gross profits is revenue minus cost of sales (variable costs) but not operating costs (fixed costs)

Net loss is the last line of income statement.  Gross profits is revenue minus cost of sales (variable costs) but not operating costs (fixed costs)

Nikolas Kong

Chris Nheu

Can someone explain the difference between gross profit and net loss?

“Its net loss for 2020 totaled $45 billion, due largely to an accounting adjustment the company made for an increase in the fair value of its convertible redeemable preferred shares. “

Can someone explain the difference between gross profit and net loss?  “Its net loss for 2020 totaled $45 billion, due largely to an accounting adjustment the company made for an increase in the fair value of its convertible redeemable preferred shares. “

Jozhe

A group of likeminded people in The Most Important Thing are talking about this.