• @[email protected]OP
    link
    fedilink
    English
    12 months ago

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

    • Optional
      link
      English
      12 months 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
          link
          fedilink
          English
          22 months 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
          link
          English
          02 months ago

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

          • @[email protected]OP
            link
            fedilink
            English
            02 months ago

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