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A way to pay for that service, as well as generate an extra $40 billion a year.
by tshaddox 5y ago
A way to pay for that service, as well as generate an extra $40 billion a year.
- joe_the_user 5y agoSure, most businesses exist to provide a good or service and get some bit extra beyond their costs. This is known as "profit".
- tekknik 5y agoThe problem here is it’s not a “bit”, but “a lot”
- joe_the_user 5y agoI don't think Google has a profit rate massively higher than other similar companies (say, Apple or Facebook). It gets a lot of profit because it is large. Compare: https://ycharts.com/companies/GOOG/profit_margin https://ycharts.com/companies/GOOG/profit_margin https://ycharts.com/companies/AAPL/profit_margin https://ycharts.com/companies/AAPL/profit_margin https://ycharts.com/companies/FB/profit_margin https://ycharts.com/companies/FB/profit_margin Of course, manufacturing companies have a lot less: https://ycharts.com/companies/GM/profit_margin https://ycharts.com/companies/GM/profit_margin