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It’s noticeable when you look at the price of the subscription. That’s almost $300 million.
Calculate the 0.6% of your wage: that’s what $300M is for them.
That loss affects their stock price, their future outlook, what things they choose to fund, and how much they spend on advertising and trying to recover from this PR disaster.
I’m sure that lots of managers are having lots of meetings to discuss what happened, and that’s probably the hardest hit they had: noise.
The revenues will be slightly impacted but they will hardly notice it on quarterly reports.
Does that impact the company value? I don’t think so.
My wage doesn’t have a cost of goods sold line item. If I take in $5b and make $5.5b in revenue, $300m is > 1/2 of my net profit
True, but if you stop working your income drops to 0, while if Disney stops working, it still owns billions in assets.
JumpyWombat@lemmy.ml 14 hours ago
Calculate the 0.6% of your wage: that’s what $300M is for them.
tyler@programming.dev 14 hours ago
That loss affects their stock price, their future outlook, what things they choose to fund, and how much they spend on advertising and trying to recover from this PR disaster.
JumpyWombat@lemmy.ml 14 hours ago
I’m sure that lots of managers are having lots of meetings to discuss what happened, and that’s probably the hardest hit they had: noise.
The revenues will be slightly impacted but they will hardly notice it on quarterly reports.
Does that impact the company value? I don’t think so.
sexual_tomato@lemmy.dbzer0.com 13 hours ago
My wage doesn’t have a cost of goods sold line item. If I take in $5b and make $5.5b in revenue, $300m is > 1/2 of my net profit
JumpyWombat@lemmy.ml 6 hours ago
True, but if you stop working your income drops to 0, while if Disney stops working, it still owns billions in assets.