this post was submitted on 19 Jul 2024
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[–] [email protected] 46 points 3 months ago* (last edited 3 months ago) (3 children)

According to the report, the company’s chief financial officer, Susan Li, told staff the division has lost $55 billion since 2019.

$55 billion in losses over ~5 years? That's a substantial amount.

[–] [email protected] 33 points 3 months ago (1 children)

Holy shit, give me just one billion per year and I'll build you a sexier failure.

[–] [email protected] 15 points 3 months ago* (last edited 3 months ago) (1 children)

give me one billion period and ill build you a kickass vr set without bullshit, and ill probably have money spare for me and possible descendants to retire. people underestimate how much money one billion actually is.

[–] [email protected] 9 points 3 months ago* (last edited 3 months ago) (1 children)

People underestimate how much a fucking Million is! It's like a lifetime salary (3k/m for 27.8 years).

We should call billions thousand millions.

[–] [email protected] 3 points 3 months ago (1 children)

In a lot if countries a thousand million is a milliard and a million million is a billion. But somehow US English skipped the -liard numbers and it's influencing UK English these days as well.

[–] [email protected] 3 points 3 months ago

These are known as the short scale and long scale systems respectively. Though the United States was indeed the first English-speaking country to switch to short scale, pretty much all English-speaking countries have used short scale almost exclusively for a long time, including the United Kingdom. Saying that it's simply being influenced is an understatement. From Wikipedia:

British usage: Billion has meant 10^9^ in most sectors of official published writing for many years now. The UK government, the BBC, and most other broadcast or published mass media, have used the short scale in all contexts since the mid-1970s.^[12]^^[13]^^[43]^^[15]^

Before the widespread use of billion for 10^9^, UK usage generally referred to thousand million rather than milliard.^[16]^ The long scale term milliard, for 10^9^, is obsolete in British English, though its derivative, yard, is still used as slang in the London money, foreign exchange, and bond markets.

I've never actually seen the word milliard used in English outside of discussions about the long and short scale systems. However, many other languages do mainly or exclusively use long scale. For instance, my native language French.

[–] [email protected] 4 points 3 months ago

Not a drop in the bucket of their revenues, though. This is really about someone feeling angst that they can't get an extra quarter percent increase in profits for the quarter so that the dividends go up just so slightly.

[–] [email protected] 4 points 3 months ago* (last edited 3 months ago)

Wow, that's like half the total value of Nike!!!
https://finance.yahoo.com/quote/NKE/

Or about the same as Ford:
https://finance.yahoo.com/quote/F/