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This headline is very misleading. It actually means that Samsung Electronics' profits are down 95% Samsung is an enormous conglomerate of which Samsung Elec
by mjd 3y ago
This headline is very misleading. It actually means that Samsung Electronics' profits are down 95%
Samsung is an enormous conglomerate of which Samsung Electronics is only one of many sub-companies.
- isanjay 3y agoThank you for the comment. I was wondering about the same thing
- kmoser 3y ago"Profits are down 95%" is the key takeaway here. The article (and the accounting world in general) misleadingly uses words like "loss" to mean "not as much as the last time we measured," unlike how most laypeople interpret the word to mean "expenses exceeded revenue so we are in the red." In fact they are still in the black, only much less so than before. You can't "lose" something that wasn't yours to begin with.