this post was submitted on 20 Dec 2023
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[–] BlueMagma@sh.itjust.works 23 points 11 months ago (2 children)

I don't understand, the article says of the 7 million after break-even they only got 567, who got the rest of the money ? Where did it go ?

And even then, hundreds of people recieved a salary for a few years, is it not pretty good already ? To be able to sustain all these people ?

[–] EdanGrey@sh.itjust.works 9 points 11 months ago (1 children)

Could be loan payments, repaying investors, taxes ..

[–] BlueMagma@sh.itjust.works 8 points 11 months ago (1 children)

Might be.. the article is really unclear, but I really don't think it is, they already factored in 42million in charges from the 49m.. There something I don't understand with this.

[–] GenEcon@lemm.ee 20 points 11 months ago (1 children)

Thats due to 0 economic knowledge of the author. The article says 49 mil profit, which should be revenue. If you mix up such basic figures I wouldn't trust any other 'analysis' of the article.

[–] sugar_in_your_tea@sh.itjust.works 3 points 11 months ago* (last edited 11 months ago)

Exactly. Things like loan payments would be part of expenses, so either the $7m isn't profit, or they have a really bad deal with their investors if they're taking pretty much all of the profit.

[–] Nighed@sffa.community 4 points 11 months ago

I assume the salaries are included in the break even?