3 ms·
Revenue can't really be hidden. Profit is an accounting decision. Like how companies sell their IP to an Irish subsidiary and then "license" it and pay "royalti
by jmyeet 3y ago
Revenue can't really be hidden. Profit is an accounting decision. Like how companies sell their IP to an Irish subsidiary and then "license" it and pay "royalties".
Profit margins for Big Tech are pretty healthy too so even if it's 7 days of revenue, it's likely not many more days of "profit". Also, those fines are a taxable deduction so let's not forget that.