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this post was submitted on 19 Jun 2024
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Technology
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According to the article, the revenue is down 40%....But the costs are also way down? So this title is totally misleading, and a bunch of Lemmies are out here celebrating because they didn't put 2 and 2 together.
Mr/s. financial expert, how much is way down? How does the cost vs revenue compared? Is it a net positive or negative. I'll wait for you to put 2 and 2 together to see if I celebrate or not yet.
X lost half a billion dollars in the first quarter of 2023. Odd that the financial expert didn't mention this even though it is literally in the same sentence as the "40% drop in revenue" statement in the article.