this post was submitted on 19 Jul 2024
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[–] Alphane_Moon@lemmy.world 46 points 11 months ago* (last edited 11 months ago) (3 children)

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.

[–] Valmond@lemmy.world 33 points 11 months ago (1 children)

Holy shit, give me just one billion per year and I'll build you a sexier failure.

[–] stoly@lemmy.world 4 points 11 months ago

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.

[–] Buffalox@lemmy.world 4 points 11 months ago* (last edited 11 months ago)

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/