• admiralteal@kbin.social
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      9 months ago

      There it is. I kept finding investor reports claiming the same 25 bil number as the net profit, but that’s just goofy if their actual bottom-line was under 5.

      And that $11,000 figure is now about 6x too big. Meaning we’re talking about a less than a dollar raise from a poverty wage to another poverty wage.

      • Goldmage263@sh.itjust.works
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        9 months ago

        From their press release website, $36 biliion consolidated net revenue reported at a 16% profit margin for fiscal year 2023 leaves $5.76 billion after every expense has been deducted.

    • brbposting@sh.itjust.works
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      9 months ago

      Why do they do this?

      Incredibly frustrating.

      Should we form an eat the rich union, obviously.

      Is sharing garbage data on social media the way to get there, no! Real data (like on wealth concentration) is offensive enough!