DataMan62

DataMan62 t1_j7ew8gz wrote

Reply to comment by TrinityF in [OC] Three Latin American countries are among the 5 most unequal on Earth. More so than so-called Gulf states and even Russia with its oligarchs. by latinometrics

Look up the Earth's axis tilt and how it and the earth's revolution around the sun combine to cause the sun to appear to move northward from (Northern) winter solstice to summer solstice and southward from June 20 to Dec 20. I guess I was lucky that Mrs. Collins spent a lot of time on the Earth and the Solar System in 3rd grade.

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DataMan62 t1_j7esul4 wrote

Reply to comment by SamFish3r in [OC] How Google makes money (its 2022 income statement visualized as a Sankey diagram) by IncomeStatementGuy

But their gross profit is up 7%. Look at what they are spending their modestly growing profits on:People: R&D +25%, Sales +16%, G&A +16%; Machines: Content Acq, Data Centers +18%, Traffic Acq +7%.

Then look at their revenue growth: Google Cloud up 37% and the bread and butter Search Adv is up 9%. On $162B, 9% is real money.

They are re-inventing themselves as a technical platform company, basically selling and expanding the platform they used to build their advertising machine which got them to this point. BTW, Amazon's AWS is, I think, the leader in cloud platforms, so competition is fierce.

That does seem like a huge increase in people costs, some of them overhead. Maybe that's why they laid off 10,000 people or so recently.

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