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bryanlarsen
on Nov 21, 2023
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A secret deal let Spotify bypass Android's app sto...
20% of a very large number is still a large number. There are lots of very profitable businesses that have a ~1% profit margin.
dessimus
on Nov 23, 2023
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That doesn't mean 20% is their profit. It means all the rest of their overhead has fit into that 20%, such as hosting infrastructure, office space, labor, marketing, etc.
bryanlarsen
on Nov 23, 2023
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Oh no, how will they cover overhead with 20% of tens of billions of dollars!?
andrewmcwatters
on Nov 22, 2023
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Costco is famously about 2% or so, which is basically the entirety of their membership fee revenue, iirc.
xboxnolifes
on Nov 21, 2023
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80% of a very large number is an even larger number.
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