751
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 11 Oct 2023
751 points (97.8% liked)
Technology
60123 readers
2668 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
They did nearly $10B in revenue last year…
Yeah, and a net loss of a bit over $1B. Revenue ≠ money in the bank.
But a $3M loss is going to sting when they’re already losing over 333 times that per year?
Yes it will. Also the PR negativity from this caused there stock to drop %1.6 according to Reuters.
I am not a fan of these silly laws but the enforcement will be effective