• prodigalsorcerer@lemmy.ca
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        3 days ago

        Revenue is a useless metric.

        It’s about 1.4% of their annual profit.

        That seems reasonable given this is only about users in Texas. If this same result were applied to all users and jurisdictions worldwide, we’d be looking at about 200-300% of their annual profit.

        • Viking_Hippie@lemmy.dbzer0.com
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          3 days ago

          It’s about 1.4% of their annual profit

          Nowhere near it. You ARE aware that the official profits are AFTER the army of tax avoidance lawyers and accountants do their somehow still legal thing, right?

          Wouldn’t be surprised if the ACTUAL profits were multiple times the official number.

          Revenue is a useless metric.

          Not compared to post-avoidance profits.

          If this same result were applied to all users and jurisdictions worldwide, we’d be looking at about 200-300% of their annual profit

          Only if going by the official number and counting several users and jurisdictions more than once.