ByteDance to continue cost-cutting as growth slower than expected: report

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ByteDance to continue cost-cutting as growth slower than expected: report

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TikTok-owner ByteDance plans to continue cutting costs as the firm’s revenue grew slower than expected, according to a Dec. 14 internal speech by the firm’s CEO Liang Rubo. Liang said that the company’s daily active user was growing slower than the company’s target set earlier this year…
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