this post was submitted on 13 Sep 2023
100 points (96.3% liked)

Programming

17416 readers
48 users here now

Welcome to the main community in programming.dev! Feel free to post anything relating to programming here!

Cross posting is strongly encouraged in the instance. If you feel your post or another person's post makes sense in another community cross post into it.

Hope you enjoy the instance!

Rules

Rules

  • Follow the programming.dev instance rules
  • Keep content related to programming in some way
  • If you're posting long videos try to add in some form of tldr for those who don't want to watch videos

Wormhole

Follow the wormhole through a path of communities !webdev@programming.dev



founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] ryan@the.coolest.zone 4 points 1 year ago (2 children)

I'm just looking at Wikipedia here but their net income in 2022 was US$ –921 million. Granted I'm not a financial wizard but I am at least somewhat confident that a negative number for net income is bad, like they're not actually making money after their expenses.

[–] shagie@programming.dev 5 points 1 year ago

This appears to be a deeper and structural problem - they've never made a profit since they've started reporting their data after going public.

https://www.wolframalpha.com/input?i=NYSE%3AU+revenue%2C+net+income

Thanks for taking the time to respond! Yeah that doesn't sound good.