[OC] Breaking down Meta’s latest Billions

Posted by sankeyart

12 comments
  1. Crazy how 400 friggin million dollars revenue is but a very thin almost invisible line.

    Also very little tax as usual…

  2. I love the high production quality from all these commercial/commercial adjacent accounts, but it is sort of a bummer that small creator oc hardly ever makes it out of the mod queue and onto the sub lately

  3. Single digit tax rate on these massive corporations is so stupid.

  4. Damn, I wish I only had to pay 10.8% tax on my income.

  5. Given the absurdly large amount of profit made, spending nearly $13B on R&D for other speculative products like the Metaverse doesn’t seem nearly so ridiculous, especially since 96% of Facebook’s eggs are currently all in one enshittified basket.

    For now, it looks like they can afford to keep throwing thousands of plates of VR/AR spaghetti at the wall, just in the hope that one strand actually sticks eventually sticks.

  6. It seems that although the apps are diversified, they still rely solely on advertising money. Where’s Google does as well for a large part, but also has tons of other half decent income streams.

    This profit looks fat, but I can’t help but feel it’s fragile as a business. Especially when we know how fast users can jump ship when another app comes along.

  7. Where does capital expenses come in this? Like all the money spent building data centres?

  8. Just think if they paid the average after deduction, corporations used to pay, that would be 5.49 billion (30%).

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