Not exactly, because their profit is a lot lower than that. Didn’t try hard to look for the yearly financials but taking a quick look in Q4 2021 they had 27b revenue and 22b expenses, which makes the expense to revenue ratio a lot higher than your tax rate at 70k.
That being said, they also held 40 fuckin billion in cash & cash equivalents. So yep, a drop in the fucking ocean.
shoobiedoobie t1_iy7jerf wrote
Reply to comment by TheCosmicJester in Facebook Parent Meta Fined $276 Million in Europe for Data-Scraping Leak by bubblehack3r
Not exactly, because their profit is a lot lower than that. Didn’t try hard to look for the yearly financials but taking a quick look in Q4 2021 they had 27b revenue and 22b expenses, which makes the expense to revenue ratio a lot higher than your tax rate at 70k.
That being said, they also held 40 fuckin billion in cash & cash equivalents. So yep, a drop in the fucking ocean.