Comment on FTC fines Razer for every cent made selling bogus “N95 grade” RGB masks
ColeSloth@discuss.tchncs.de 6 months ago
Is that gross, or net, sales revenue? It’s a small enough number I’m guessing it’s net, which means their “punishment” is nothing more than they didn’t make any profit, but also didn’t lose any. Big woop.
xthexder@l.sw0.com 6 months ago
The article says revenue near the end. I find that a little hard to believe though, unless they sold barely any of them.
KairuByte@lemmy.dbzer0.com 6 months ago
They likely sold barely any of them. They were nigh impossible to get during the pandemic, and virtually no one wanted them after the fact.
AlligatorBlizzard@sh.itjust.works 6 months ago
Also they were rather expensive, even if they had done what they claimed to. They became more available about the same time you could get N95s easily. I’m the kind of weirdo who thinks an RGB face mask would be cool, but I didn’t want to spend $150 (iirc) on one.
ColeSloth@discuss.tchncs.de 6 months ago
Yes, but there’s two tours of “revenue”. There’s net revenue, and there’s gross revenue. One is how many dollars worth they sold, and the other is how much they actually profited from it.
xthexder@l.sw0.com 6 months ago
I think you’re confusing net income with net revenue. As far as I know, net revenue is just gross revenue minus discounts and refunds. All other expenses such as cost of materials are then subtracted after that to get net income (their actual profit).
Either way, revenue represents how much money they actually received from customers.
ColeSloth@discuss.tchncs.de 6 months ago
Yes, exactly. Except you’re wrong.
investopedia.com/…/what-are-difference-between-gr…
There are many other links. That one I just grabbed from top spot of Google search when I typed in “net revenue”.