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So does the valuation cut mean that ByteDance is a struggling business Not in the slightest.The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday.On the contrary, ByteDance is an insanely good business. The company 2022 and Q1 2023 results point to a business that is quickly approaching annual revenue of $100 billion, a
nike air max nd more interestingly, a profitability profile that similar to some of the U.S. most valuable tech giants.Just look at how the company has performed over the past few years:2020: Revenue more than doubled, per Reuters, to $34.3 billion
air force ones , with an operating loss of around $2 billion.2021: Revenue rose 70% to around $58 billion, according to Reuters. In the same year, the company generated EBITDA of about $14 billion, per the FT.2022: Revenue expanded around 38% in 2022 to just over $85 billion, according to the WSJ. Operating
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If you have an iPhone, you ;re already on your way. iPhones as well as iPads and Macs use iMessage to send messages between Apple devices. It a data-based messaging system reliant on 3G, 4G, and Wi-Fi, rather than SMS messaging, w
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