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VAT in Italy is 22%. So 870 M of VAT means that they sold for 3.954 B Euro in Italy in the 2015-2021 period.
by pmontra 4y ago
VAT in Italy is 22%. So 870 M of VAT means that they sold for 3.954 B Euro in Italy in the 2015-2021 period.
- ipaddr 4y agoThis is about free accounts. There are 38 million facebook users in Italy now and 27 million at the time. They value each signup user is worth $104-146 in revenue to facebook over that time period which seems reasonable but high.