• @[email protected]OP
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    11 month ago

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

    • Optional
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      11 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)_/¯

        • chiisana
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          21 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.

        • Optional
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          01 month ago

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

          • @[email protected]OP
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            01 month ago

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