8
you are viewing a single comment's thread
view the rest of the comments
[-] realcaseyrollins@thelemmy.club 1 points 1 month ago

I'd expect them to lose at least half of that over the next 3 or 4 years if the recession happens

[-] homesweethomeMrL@lemmy.world 1 points 1 month ago

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)_/¯

[-] realcaseyrollins@thelemmy.club -1 points 1 month ago

Does that make you mad? Do you wish you had that money instead?

[-] chiisana@lemmy.chiisana.net 2 points 1 month ago

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.

[-] homesweethomeMrL@lemmy.world 0 points 1 month ago

Er, sure, but - is the larger point not clear? They don’t need to fire people. They’re ludicrously profitable.

[-] realcaseyrollins@thelemmy.club 0 points 1 month ago

Not immediately no, but it increases their margins which makes the company more likely to survive a significant economic downturn.

this post was submitted on 26 Sep 2024
8 points (83.3% liked)

Business

422 readers
31 users here now

A place to share business news and insights.


Rules


  1. Follow lemmy.world rules
  2. Only post content related to business
  3. Do not use this community to promote your business

founded 1 year ago
MODERATORS