jeffw@lemmy.world to Technology@lemmy.worldEnglish · 1 year agoMeta Reportedly Unhappy With How Much Money Its VR Division Burnsgizmodo.comexternal-linkmessage-square26fedilinkarrow-up1196arrow-down15
arrow-up1191arrow-down1external-linkMeta Reportedly Unhappy With How Much Money Its VR Division Burnsgizmodo.comjeffw@lemmy.world to Technology@lemmy.worldEnglish · 1 year agomessage-square26fedilink
minus-squareAlphane Moon@lemmy.worldlinkfedilinkEnglisharrow-up28·edit-21 year ago According to the report, the company’s chief financial officer, Susan Li, told staff the division has lost $55 billion since 2019. $55 billion in losses over ~5 years? That’s a substantial amount.
minus-squareValmond@lemmy.worldlinkfedilinkEnglisharrow-up22·1 year agoHoly shit, give me just one billion per year and I’ll build you a sexier failure.
minus-squareValmond@lemmy.worldlinkfedilinkEnglisharrow-up6·edit-21 year agoPeople underestimate how much a fucking Million is! It’s like a lifetime salary (3k/m for 27.8 years). We should call billions thousand millions.
minus-squareBuffalox@lemmy.worldlinkfedilinkEnglisharrow-up4·edit-21 year agoWow, that’s like half the total value of Nike!!! https://finance.yahoo.com/quote/NKE/ Or about the same as Ford: https://finance.yahoo.com/quote/F/
minus-squarestoly@lemmy.worldlinkfedilinkEnglisharrow-up3·1 year agoNot a drop in the bucket of their revenues, though. This is really about someone feeling angst that they can’t get an extra quarter percent increase in profits for the quarter so that the dividends go up just so slightly.
$55 billion in losses over ~5 years? That’s a substantial amount.
Holy shit, give me just one billion per year and I’ll build you a sexier failure.
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People underestimate how much a fucking Million is! It’s like a lifetime salary (3k/m for 27.8 years).
We should call billions thousand millions.
Wow, that’s like half the total value of Nike!!!
https://finance.yahoo.com/quote/NKE/
Or about the same as Ford:
https://finance.yahoo.com/quote/F/
Not a drop in the bucket of their revenues, though. This is really about someone feeling angst that they can’t get an extra quarter percent increase in profits for the quarter so that the dividends go up just so slightly.