Daily Briefing: October 14

The stat, the quote and the read you need to start your day.

Stat

ByteDance, TikTok's parent company, lost $7.15 billion in 2021. The company's revenue had risen almost 80% to $61.7 billion. But then Social-media giant saw its operating losses more than triple last year to above $7 billion

Quote

“Today, we begin to right these wrongs.”

In making the announcement, President Biden stated that he was pardoning past federal convictions for minor marijuana possession and instructing officials to examine how cannabis is classified under federal law.

Read

"I Am Energy"- profile of Jack Owoc, CEO of energy drink company Bang. (Bloomberg)

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