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Re:Facebook Net Income dropped 49% on the first semester of ... by vertoc on Wednesday July 24, 2019 @04:42PM (#20519443)
This seems solely because of the recent fines: "Includes an additional $2.0 billion legal expense related to the U.S. Federal Trade Commission (FTC) settlement and a $1.1 billion income tax expense due to the developments in Altera Corp. v. Commissioner, as discussed below. As the FTC expense is not expected to be tax-deductible, it had no effect on our provision for income taxes. Excluding these expenses, our operating margin would have been 12 percentage points higher, our effective tax rate would have been 30 percentage points lower and our diluted EPS would have been $1.08 higher."
Re:Facebook Net Income dropped 49% on the first semester of ... by tareqak on Wednesday July 24, 2019 @04:46PM (#20519492)
Why is the legal expense $ 2.0 B? Is that only including lawyer fees and not the $ 5 B from https://news.ycombinator.com/item?id=20515235 ?
Re:Facebook Net Income dropped 49% on the first semester of ... by tomaha on Wednesday July 24, 2019 @05:01PM (#20519643)
They already expensed $3 B last quarter.