Rapidcreek@lemmy.world to politics @lemmy.world · 4 months agoTrump’s Social Media Company Posts Q1 Revenue of $770,500 and Net Loss of $327.6 Millionvariety.comexternal-linkmessage-square53fedilinkarrow-up1464arrow-down110
arrow-up1454arrow-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 · 4 months agomessage-square53fedilink
minus-squareWrench@lemmy.worldlinkfedilinkarrow-up22·4 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-up6·4 months agoI think you added a couple of 0s to the revenue. Cause nothing is close to $1b here.
minus-squareWrench@lemmy.worldlinkfedilinkarrow-up6·4 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.
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.