this post was submitted on 20 Dec 2023
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[โ€“] 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.

[โ€“] 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.