Thanks to Salvador Rodriguez at The Wall Street Journal, we get a rare peek into the financials of ByteDance, the Beijing-based, privately-held tech conglomerate behind TikTok. In the first three months of this year, ByteDance told employees it had a net loss of $4.7 billion and $18.3 billion in total revenue. By comparison, Meta reported $8.5 billion in profit and $27,9 billion in revenue for the same period.