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submitted 5 months ago by dvdnet62@feddit.nl to c/technology@lemmy.ml
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[-] HexesofVexes@lemmy.world 176 points 5 months ago

https://www.statista.com/statistics/513049/alphabet-annual-global-income/

Let's pause a moment and just appreciate how much money Alphabet actually make net (after expenses). $73,795,000,000 last year - higher than the GDP of entire nations, in profit.

The "bad" year, 2022 that drove all this change, they only made $59,972,000,000 net. Oh how terrible (!)

5 years ago, they made $34,343,000,000 net, so they've more than doubled profits.

Take a moment to appreciate that, and really consider if they "need" the money.

[-] FMT99@lemmy.world 111 points 5 months ago

Shareholders: you doubled your profit last year, so I expect you to do it again this year.

[-] dezvous@lemmy.world 15 points 5 months ago

Pretty much. Capitalism is completely unsustainable.

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this post was submitted on 17 Apr 2024
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