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$META Zuckerberg said that they would be TWICE as profitable if it wasn't for $AAPL and $GOOGL limiting them with their App Store rules and taxes. 👀 $META has a net income margin of 34% and makes $51.4B (TTM) in profit.
518,424 views • 1 year ago •via X (Twitter)
10 Comments

This is a section from a recent interview with Mark: Also if you are interested in $META make sure to check my newsletter where I often write about $META and other Tech companies:

My business would be twice as profitable if I didn't have to pay for Facebook ads.

Umm ok .. They are free to make their own store.

I also would be twice as big if I didn’t have to pay taxes. He built his castle in someone else’s kingdom. He doesn’t get to make the rules

It’s a wonder why $META hasn’t made a serious attempt at launching a phone

But they wouldn’t have “an app” as popular if it wasn’t for Apple or Google

So like many other people using Facebook Ads.

Meta is a monster and the street is finally realizing

Then make a META phone

Translation: According to Zuckerberg, $META would make more money if they could leverage more of your personal data and tracking info without any regard to your privacy.

