[matt4077]

The $1.1 billion isn't profit. They're selling an asset (the .org rights). That transaction should be entirely neutral in terms of profit/loss.

[abbadadda]

In what world are the majority of asset sales untaxed? Look at stocks, bonds, bitcoin, homes, art, gold, silver... All assets and all taxable upon realized gains and losses.

[grenoire]

P&L is the basis for corporate income taxes. There are many other taxes, such as capital gain.

[foobarbazetc]

Nah.