What does L or W mean on TikTok and Twitter?

What does L or W mean on TikTok and Twitter?

On social media apps such as TikTok and Twitter, people will use the letters "W" and "L" to describe things that are good or bad.

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What does W mean on TikTok?

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Reply to @nyfin WHAT DOES “W” Mean? #slang #urbandictionary