TikTok owner ByteDance reportedly hit $3 billion in net profit in 2019

· TikTok's parent company ByteDance generated $3 billion in profit last year, Bloomberg reports.
· Sources told the publication that ByteDance pulled in $17 billion in revenue in 2019, more than double what it made in 2018.
· The comfortable financial position means ByteDance can take its time with going public.
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