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Revenue down 4%, costs up 19%. Yikes!
by spaceman_2020 4y ago
Revenue down 4%, costs up 19%.
Yikes!
- Aqua_Geek 4y agoStock is getting hammered after-hours. Down 11% currently.
- colinmhayes 4y agoHonestly I would be pretty unsurprised if Mark is fine with the stock getting hammered since it makes buybacks cheaper, he's certainly taken advantage of the discount this year. Tell everyone you're going to lose money for the next decade, wait for your stock to get hammered, buy it back for 50 cents on the dollar, and start making money again. Works for mark since he can't be fired.
- marvel_boy 4y agoNot a good sign, even they live on a mountain of cash the trend is no good.
- qbasic_forever 4y agoLegs will surely fix this situation.
- faitswulff 4y agoLegs are old news, certainly there must be other body parts that can generate revenue…?!
- qbasic_forever 4y agoMeta announces tails!
- philosopher1234 4y agoThere are... might make the board room a bit awkward though.
- svnt 4y agoFree cashflow at zero, down from $9.5B in the year-ago quarter. They can would’ve-could’ve all they want about currency exchange rates but there’s no escaping cashflow.
- threeseed 4y agoRevenue increased by 2% on a constant currency basis. And yes costs are up but they are having to do hardware R&D that they have never done before.
- loeg 4y ago> Revenue increased by 2% on a constant currency basis. Yeah, but flat isn't much better.