ByteDance investors reassessing what the company's value would be without TikTok, estimate that TikTok lost several billion dollars in 2023 on revenue of ~$20B (The Information)

https://www.theinformation.com/articles/tiktok-ban-bill-spotlights-open-secret-app-loses-money
http://www.techmeme.com/240314/p4#a240314p4