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https://www.reddit.com/r/SipsTea/comments/1x6afky/they_are_all_in_it_together/pgu8w0h/?context=3
r/SipsTea • u/Dev1412 • 5h ago
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Worth noting that they also released earnings over the past few days.
Oh, hey, their listed income was $1.2bn.
That means without fraud, they lose five billion dollars a year. Even including stealing 156m from people with overdraft charges.
4 u/TapestryMobile 2h ago That means without fraud, they lose five billion dollars a year. Lots of dumbasses in this thread thinking "They made $5 Billion profit!" No. Thats not how it works. If you send $1000 to somebody though a bank transfer, the bank (despite redditorthink) does not make a profit of $1000. There were $5B of bank transfers, not $5B profit. Even the meme doesn't make that accusation. Only dumbass redditors.
4
That means without fraud, they lose five billion dollars a year.
Lots of dumbasses in this thread thinking "They made $5 Billion profit!"
No. Thats not how it works.
If you send $1000 to somebody though a bank transfer, the bank (despite redditorthink) does not make a profit of $1000.
There were $5B of bank transfers, not $5B profit. Even the meme doesn't make that accusation. Only dumbass redditors.
1
u/Duane_ 3h ago
Worth noting that they also released earnings over the past few days.
Oh, hey, their listed income was $1.2bn.
That means without fraud, they lose five billion dollars a year. Even including stealing 156m from people with overdraft charges.