• Shiggles@sh.itjust.works
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    9 months ago

    A company that grows 1% every year will always have “record profits”. It’s a fun buzzword to throw around, but there’s better injustices to focus on, like the lack of CEOs getting sacked or facing a reduction in compensation.

    • RedditWanderer@lemmy.world
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      9 months ago

      Microsoft annual gross profit for 2022 was $135.62B, a 17.06% increase from 2021. Microsoft annual gross profit for 2021 was $115.856B, a 19.52% increase from 2020.

      So yeah, 20% inflation a year amarite. “It’s just a fun buzzword!”. Sure the numbers are bigger in the end, but that’s not what anyone is talking about here when they mean record profits. Grab inflation, go back 20 years and show us.