3 ms·
Facebook also has nothing better to spend the cash on – $60bn cash reserves in 2020 and revs are $120bn/yr growing at 30% y/y, what do you even do with that?
by dustingetz 5y ago
Facebook also has nothing better to spend the cash on – $60bn cash reserves in 2020 and revs are $120bn/yr growing at 30% y/y, what do you even do with that?
- Yajirobe 5y agoWhat is the income though? How much of that $120bn/yr is left?
- tim333 5y ago$40bn which is still an awful lot. I can see punting on a VR metaverse could make sense if the spend is only 25% of their profits.
- Oddskar 5y agoI think there's an obvious answer to that question: don't focus so much on profit and ensure that the net benefit of your product for humanity is greater than it currently is.
- dicknuckle 5y agoNah that's too obvious. MUST. MAKE. PROFIT. FOR. SHAREHOLDERS. The machine must march on and grow at all costs.
- Valakas_ 5y agoUnfortunately if we bring up 'ethics' we're the laughing stock of the room "aww he's so cute thinking about the good of humanity, what a nice guy. Anyway, as the adults were saying..."
- rajamaka 5y agoPay dividends