this post was submitted on 26 Sep 2024
8 points (83.3% liked)
Business
544 readers
2 users here now
A place to share business news and insights.
Rules
- Follow lemmy.world rules
- Only post content related to business
- Do not use this community to promote your business
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Okay so they still have 2.5 Billion in their pocket and the net profits from three or four more years?
Let’s say they “only” make two Billion in net profit for the next three years. They’d have eleven Billion dollars just sitting there. ¯\_(ツ)_/¯
Does that make you mad? Do you wish you had that money instead?
This is Lemmy; theres very vocal cohort of the users who are anti-corporate, poor grasp of the financial system, and have no content to read so they wander out into communities they have no business in.
Don’t bother.
Er, sure, but - is the larger point not clear? They don’t need to fire people. They’re ludicrously profitable.
Not immediately no, but it increases their margins which makes the company more likely to survive a significant economic downturn.