Rapidcreek@lemmy.world to politics @lemmy.world · 6 months agoTrump’s Social Media Company Posts Q1 Revenue of $770,500 and Net Loss of $327.6 Millionvariety.comexternal-linkmessage-square51fedilinkarrow-up1441arrow-down19
arrow-up1432arrow-down1external-linkTrump’s Social Media Company Posts Q1 Revenue of $770,500 and Net Loss of $327.6 Millionvariety.comRapidcreek@lemmy.world to politics @lemmy.world · 6 months agomessage-square51fedilink
minus-squareDirkMcCallahan@lemmy.worldlinkfedilinkarrow-up52·6 months agoI’m actually a bit shocked that the revenue is that high.
minus-squareWrench@lemmy.worldlinkfedilinkarrow-up22·6 months agoHas to be money laundering. There’s no way their operating costs are over $1B on a shitty Twitter clone with very little traffic
minus-squareAlexstarfire@lemmy.worldlinkfedilinkarrow-up6·6 months agoI think you added a couple of 0s to the revenue. Cause nothing is close to $1b here.
minus-squareWrench@lemmy.worldlinkfedilinkarrow-up6·6 months agoHahah shit, you’re right. I read 770k as 770m. I guess that ridiculous valuation set my expectations. 327m in expenses is still way too high. But no where near as absurd.
I’m actually a bit shocked that the revenue is that high.
Has to be money laundering. There’s no way their operating costs are over $1B on a shitty Twitter clone with very little traffic
I think you added a couple of 0s to the revenue. Cause nothing is close to $1b here.
Hahah shit, you’re right. I read 770k as 770m. I guess that ridiculous valuation set my expectations.
327m in expenses is still way too high. But no where near as absurd.
Maybe they’re on Azure.