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> Am I calculating this wrong Obviously. By the logic you implement in your comment these companies will have made 0.0005% profit before their 1000% price hik
by hgrteds 2y ago
> Am I calculating this wrong
Obviously.
By the logic you implement in your comment these companies will have made 0.0005% profit before their 1000% price hikes.
Beyond that you are also ignoring that a lot of these companies are paying themselves these amounts so it’s Hollywood accounting all the way down.
Why spread back of the envelope misinformation like this for these corpos?
- spwa4 2y agoNope. That 3% represents their profit before the price hikes, the 0.5% (a generous estimate) is the impact of the price hikes.