https://ichef.bbci.co.uk/news/976/cpsprodpb/A421/production/...
Haven't touched their platforms for years. User base in the USA keeps declining.
They need to cut expenses.
Across the whole of 2022, it was $23B net profit on $117B revenue.
Not sure what you mean by “core business”. About 97% ($113B) of their revenue comes from advertising on Facebook, and half of that is in the US.
I'm not sure why who you were responding to assumed that if revenue dropped by 12%, profit would go to 0...
Wouldn't it be:
$117b revenue = $23b profit = 19.6% profit margin
If revenue went down 12%, margins would probably stay the same?
https://ichef.bbci.co.uk/news/976/cpsprodpb/A421/production/...
Haven't touched their platforms for years. User base in the USA keeps declining.
They need to cut expenses.