Comment on EU says TikTok faces large fine over "addictive design"
CouldntCareBear@sh.itjust.works 11 hours agoTurnover not profit remember. There isn’t a business in the world that wouldn’t feel that.
Comment on EU says TikTok faces large fine over "addictive design"
CouldntCareBear@sh.itjust.works 11 hours agoTurnover not profit remember. There isn’t a business in the world that wouldn’t feel that.
MagnificentSteiner@lemmy.zip 10 hours ago
It’s reckoned that Bytedance’s profit margin is about 20% which is insane. They’ll easily absorb the 6% (as a general rule of thumb, most businesses would be over the moon with a 10% profit margin).
CouldntCareBear@sh.itjust.works 10 hours ago
30% profit drop. No Biggie. I bet it won’t even be mentioned at the AGM.
MagnificentSteiner@lemmy.zip 9 hours ago
Percentages are relative. They’ll still be able to dry their eyes with the billions they’ll have made in profit.
…yahoo.com/…/bytedance-track-50-billion-profit-16…