• sexual_tomato@lemmy.dbzer0.com
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      5 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

    • tyler@programming.dev
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      6 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
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        6 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.