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You can see why Meta, and likely Google, are quitting news though. eg Google's profit was approx 25% 2022q3. So this would be a 16% of profit tax. Oof.
by x0x0 3y ago
You can see why Meta, and likely Google, are quitting news though.
eg Google's profit was approx 25% 2022q3. So this would be a 16% of profit tax. Oof.
- chongli 3y agoHow does 2% * 4% = 25% * 16%?
- z_ 3y agoDon’t ruin their fiction with facts.
- x0x0 3y agoIf profit is 25% of revenue, then 4 percent of revenue is 16 percent of profit. Not sure what your equation is besides randomly putting numbers on a line.
- kbelder 3y ago25% * 16% = 4%. He's saying they're taking 16% of Canadian profit. Or maybe his numbers are off.