June 18, 2021
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ByteDance revenues more than double on back of TikTok boom

Owner of video-sharing app also reports a 93% increase in gross profit to $19bn in 2020
ByteDance revenues more than double on back of TikTok boom
ByteDance, the Chinese parent of TikTok, more than doubled its revenues last year as usage of the hugely popular video app boomed.
The company, which last year weathered pressure from Donald Trump to sell its US operation as part of a TRADE WAR with China, reported a 111% increase in revenues to $34.3bn (£24.7bn).
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The cease-fire deal between Israel and Hamas will bring relief to dozens whose relatives are being held captive. But with some 240 hostages in militant hands, only a fraction of families will be reunited under the current arrangement. Hamas on Friday freed 24 people, including 13 Israeli women and children, 10 people from Thailand and one Filipino. There is some hope that the agreement could be expanded. Israel has said it will extend the truce one day for every 10 hostages freed. Still, many families are expected to be left to endure the torment of not knowing the fate of their loved ones.
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