this post was submitted on 28 Mar 2026
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[–] lka1988@lemmy.dbzer0.com 9 points 2 days ago

The profit metric they look at isn't profit itself, but actually year-over-year profit increases.

That's the imaginary money line that tells shareholders and execs how much the actual money line has gone up since last year. When a big company says they're operating "in the red", they're still making ungodly amounts of profit - just not as much as last year.