Every time I see one of these, I can’t help but see how SMALL the Tax is for each and every single one of these Big Tech companies.
That shows exactly how trickle down doesn’t work. Corporations that size making profits bigger than their R&D budget but firing good chunks of their workforce to maximize shareholder value.
I quit FB and WhatsApp a while ago since I did not liked their apps and user policies at time.
Especially WhatsApp, the user id is your damn phone number, one of the most personal thing to not share with scums bags people really.
Seeing this data today, I feel glad to be out of this erroneous business.
Something seems odd, net profit is taxed, where is that part of it, also which country is it declared
What do these companies do with all that profit over the years? Does the money just sit in a bank account somewhere?
We need to tax these companies more. They are acting as huge aggregators of money while they arguably destabilize our society even more.
Wow. Big profits. Must be time to fire 4,000 employees who created this wealth for the billionaire boss and shareholders.
What really irks me is that there isn’t any way to use social media *solely* to be social, and because the modern world kind of “forces” you to use social media to keep up with people in a conventional way. Considering the sheer amount of money Meta makes through advertising, it’s obviously not like they’d willingly give their users an option to opt out of the explore page, for example, but man completely opting out of social media leaves you, especially as a younger person, out of the loop.
But hey, money is cool!
The tax is criminally low.
Operating profit increased 49%. Tax bil… 0%?
Got to love a 11% tax rate on 70 billion
Profits up, Taxes down.
Whatttt the fuck.
$62 Billion in profit is insane
Time to stand next to the guys celebrating with the hitler salute. Let them eat cake.
The real question (for me) is “why can’t a firm replicate this product at a lower price point and be successful?”
What are they researching for $44B?
I wish my tax bar was as small as Meta’s.
“Advertising” AKA “bribes to control online discussion narratives”
If you think those “ads” are about showing you information about random businesses in your area you’re a sucker.
Your chart says meta, but it’s really Facebook with stolen name.
$8b tax on $70b profit. I shall take that math and apply to my forthcoming tax return to see how Uncle Sam reacts.
How much of this goes to salary
In the 1950s, when certain folks said America was great and had the “greatest generation”, the corporate tax rate in this country was 50%. I think it’s time to bring that back.
Imagine how nice roads in the SF Bay Area would be if we just got 50% tax from Meta and no other company.
Why do advertisers pay so much money to Meta, given all Meta ever shows me are ads of products I’d never buy?
Meanwhile they want me to jump through two dozen hoops to advertise on their platform.
Who is advertising on Meta anyway? Coca-Cola?
Curious of revenue breakdown of individual apps (Facebook, WhatsApp and Instagram)
Great visualization. Grow 20%, increase profits 60%, pay zero additional tax.
Adjusted for American working class taxes, Meta would pay 40 Billion in taxes, not 8.
whats the difference between cost of revenue and operating expenses here ?
29 comments
Source: Meta investor relations
Tool: [SankeyArt](http://sankeyart.com) sankey maker
Every time I see one of these, I can’t help but see how SMALL the Tax is for each and every single one of these Big Tech companies.
That shows exactly how trickle down doesn’t work. Corporations that size making profits bigger than their R&D budget but firing good chunks of their workforce to maximize shareholder value.
I quit FB and WhatsApp a while ago since I did not liked their apps and user policies at time.
Especially WhatsApp, the user id is your damn phone number, one of the most personal thing to not share with scums bags people really.
Seeing this data today, I feel glad to be out of this erroneous business.
Something seems odd, net profit is taxed, where is that part of it, also which country is it declared
What do these companies do with all that profit over the years? Does the money just sit in a bank account somewhere?
We need to tax these companies more. They are acting as huge aggregators of money while they arguably destabilize our society even more.
Wow. Big profits. Must be time to fire 4,000 employees who created this wealth for the billionaire boss and shareholders.
What really irks me is that there isn’t any way to use social media *solely* to be social, and because the modern world kind of “forces” you to use social media to keep up with people in a conventional way. Considering the sheer amount of money Meta makes through advertising, it’s obviously not like they’d willingly give their users an option to opt out of the explore page, for example, but man completely opting out of social media leaves you, especially as a younger person, out of the loop.
But hey, money is cool!
The tax is criminally low.
Operating profit increased 49%. Tax bil… 0%?
Got to love a 11% tax rate on 70 billion
Profits up, Taxes down.
Whatttt the fuck.
$62 Billion in profit is insane
Time to stand next to the guys celebrating with the hitler salute. Let them eat cake.
The real question (for me) is “why can’t a firm replicate this product at a lower price point and be successful?”
What are they researching for $44B?
I wish my tax bar was as small as Meta’s.
“Advertising” AKA “bribes to control online discussion narratives”
If you think those “ads” are about showing you information about random businesses in your area you’re a sucker.
Your chart says meta, but it’s really Facebook with stolen name.
$8b tax on $70b profit. I shall take that math and apply to my forthcoming tax return to see how Uncle Sam reacts.
How much of this goes to salary
In the 1950s, when certain folks said America was great and had the “greatest generation”, the corporate tax rate in this country was 50%. I think it’s time to bring that back.
Imagine how nice roads in the SF Bay Area would be if we just got 50% tax from Meta and no other company.
Why do advertisers pay so much money to Meta, given all Meta ever shows me are ads of products I’d never buy?
Meanwhile they want me to jump through two dozen hoops to advertise on their platform.
Who is advertising on Meta anyway? Coca-Cola?
Curious of revenue breakdown of individual apps (Facebook, WhatsApp and Instagram)
Great visualization. Grow 20%, increase profits 60%, pay zero additional tax.
Adjusted for American working class taxes, Meta would pay 40 Billion in taxes, not 8.
whats the difference between cost of revenue and operating expenses here ?
Comments are closed.