jeffw@lemmy.world to Technology@lemmy.worldEnglish · 4 months agoMeta Reportedly Unhappy With How Much Money Its VR Division Burnsgizmodo.comexternal-linkmessage-square171fedilinkarrow-up1288arrow-down110
arrow-up1278arrow-down1external-linkMeta Reportedly Unhappy With How Much Money Its VR Division Burnsgizmodo.comjeffw@lemmy.world to Technology@lemmy.worldEnglish · 4 months agomessage-square171fedilink
minus-squareAlphane Moon@lemmy.worldlinkfedilinkEnglisharrow-up44·edit-24 months ago 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.
minus-squareValmond@lemmy.worldlinkfedilinkEnglisharrow-up31·4 months agoHoly shit, give me just one billion per year and I’ll build you a sexier failure.
minus-squareBuffalox@lemmy.worldlinkfedilinkEnglisharrow-up4·edit-24 months agoWow, 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/
minus-squarestoly@lemmy.worldlinkfedilinkEnglisharrow-up4·4 months agoNot 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.
$55 billion in losses over ~5 years? That’s a substantial amount.
Holy shit, give me just one billion per year and I’ll build you a sexier failure.
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/
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.