• mob@lemmy.world
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    1 year ago

    I have a hard time believe they profited 121 billion dollars, when their 2022 gross revenue was 116 billion

    I’m sure it’s still a ridiculous amount of profit but that number seemed way to big at first glance so I had to check

    • Gustephan@lemmy.world
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      1 year ago

      I admittedly didn’t look too hard for that 121bil figure, your source seems much better than the “Google it and grab the first number I see” approach I used. I see 91.36B gross profit for 2022 in your source. That makes the 36,500,000 fine ~0.04% of their profits instead or the 0.03% I got at first, equivalent to a $20 fine on 50k profit. I think the rest of what I said is still valid with the new numbers. Thanks for keeping me honest!

      • Aloso@programming.dev
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        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.