top | item 37398257

(no title)

motles | 2 years ago

Uh.

23 billion was the gross profit

12 billion operating income

-1.9 billion net income

Ie they lost money in 2022 when all was said and done.

Also no company that has taken outside money from investors can just give their profits to employees and not share the profits back to the investors.

No investor would ever give money to a company where their share of the profits - which they were duly owed because they took a risk and put money into an enterprise - is not returned to them - and instead shared to employees because it’s the righteous thing to do.

No CEO or CFO would keep their jobs for long if they did this.

That’s just not how capitalism works.

discuss

order

PaulDavisThe1st|2 years ago

This is just such a ridiculously limited view of how investment can work and what capitalism is.

Tons of investors give money to companies without any realistic expectation of ever receiving any profits - they believe that the value of the stock they own will increase in the judgement other future stock owners. That's the only reason Amazon was able to receive capital investment for more than a decade.

Workers also take a risk in choosing to go work for a company, and frequently it is a bigger risk than the one taken by capital owners. The latter will rarely invest in a way that puts their lifestyle on the line, whereas that's all the former can do.

There are pros and cons of the capitalist system, but it does neither capitalism nor us humans any service to present this sort of childish 10th grade view of what it is and how it works (or doesn't).