this post was submitted on 17 Jul 2023
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Meta being fined $100k a day for personalized ads in Norway (techcrunch.com)
submitted 1 year ago by [email protected] to c/technology
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[–] [email protected] 2 points 1 year ago* (last edited 1 year ago)

You confused revenue and profit. You must subtract expenses to calculate the profit. For example, if you buy something for $20 and sell it for $21, your revenue is $21, but your profit is only $1.

Facebook reported a profit of $39 billion in 2021 and $23 billion in 2022. This takes their expenses (salaries, offices, data centres, etc.) into account.