4 ms·
It's amazing how many people are clueless about Math/Economics and the importance of profit generation that feed into next generation of innovation/employment.
by deltree7 4y ago
It's amazing how many people are clueless about Math/Economics and the importance of profit generation that feed into next generation of innovation/employment.
- jamiek88 4y agoGoogle profit 2022 $233 BILLION
- SllX 4y agoRevenue != Profit. The figure you want is Net Income on page 30 of this publicly accessible document from the SEC’s website: https://www.sec.gov/Archives/edgar/data/1652044/000165204423000016/goog-20221231.htm https://www.sec.gov/Archives/edgar/data/1652044/000165204423... $59,972M (~$60B). Still a nice sum of money, but it doesn’t need exaggeration nor misrepresentation.
- deltree7 4y agoGoogle's Market Cap was around $1.4T last year. A $1.4T should generate at least 2*(10 Year Treasury Yield) or 8% or $110 Billion in profit. Else, shareholders can simply buy 10-Year-T to earn risk-free profit. So Google isn't generating enough profits at the current economic conditions.
- deltree7 4y agoExhibit A: How massively clueless even HNers when it comes to Math/Finance/Economics. These are people who vote progressives and anti-corporate agenda