• Pyr_Pressure@lemmy.ca
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    9 months ago

    How can something exist if they haven’t made money in 20 years?

    How.much debt does the company have that shareholders will be buying into.

    • JohnEdwa@sopuli.xyz
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      9 months ago

      Because they have. A ton - they paid Spez almost $200 million last year. But when you invest, spend, or pay out all of the money you get, on your tax sheet it says you didn’t make any profit, because you don’t have any excess money.

    • thingsiplay@beehaw.org
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      9 months ago

      They didn’t make any profit, meaning they did not make more money than it costs. It’s not like they wouldn’t make money (the advertisements in example), but its not enough to make a profit out of the business. But given the millions the CEO gets (if its true), then no wonder they can’t make a profit, if CEO eats it all.