Re:Dutch man needs CPR, but YouTube shows ads before tutorial
by jamiek88 on Monday February 27, 2023 @12:50PM
(#34959562)
Google profit 2022 $233 BILLION
[ Parent
| on HN ]
Re:Dutch man needs CPR, but YouTube shows ads before tutorial
by SllX on Monday February 27, 2023 @01:11PM
(#34959868)
Revenue != Profit.
The figure you want is Net Income on page 30 of this publicly accessible document from the SEC’s website: https://www.sec.gov/Archives/edgar/data/1652044/000165204423...
$59,972M (~$60B).
Still a nice sum of money, but it doesn’t need exaggeration nor misrepresentation.
Re:Dutch man needs CPR, but YouTube shows ads before tutorial
by deltree7 on Monday February 27, 2023 @03:43PM
(#34961599)
Google's Market Cap was around $1.4T last year.
A $1.4T should generate at least 2*(10 Year Treasury Yield) or 8% or $110 Billion in profit.
Else, shareholders can simply buy 10-Year-T to earn risk-free profit.
So Google isn't generating enough profits at the current economic conditions.