5 ms·
> > As of seven days and three hours into 2024, they had already earned enough revenue to pay it all off. > revenue is not the same as profit. this is basic st
by HumblyTossed 3y ago
> > As of seven days and three hours into 2024, they had already earned enough revenue to pay it all off.
> revenue is not the same as profit. this is basic stuff.
And all of "Big Tech" isn't going to run and pay off their 2023 fines this week either.
It's an illustration. This is basic stuff.
- subtra3t 3y agoIt's an illustration that encourages straight-up incorrect financial ideas (like revenue = profit). This is basic stuff.
- pc86 3y agoI'm sorry but the moment you say "revenue is a more accurate depiction of a company's...profitability [than profit]" you've lost all credibility.
- Terretta 3y agoon the contrary, profit is an accounting treatment see amazon, who famously strive to show no profit by plowing profits back into growth expense so return (aggregate all forms) on equity, and revenue, are more interesting, since one gives you vector and the other gives you scale. so it's one of those statements that seems right, then seems wrong, then seems right again, depending on your level of thinking about it // making no claims about the blogger, they could be in the first camp rather than the third