Monday Oct 25, 2021

Facebook Earnings: Solid Top Line, But Higher Taxes Drop Profits.

For Facebook a very solid report with Operating Income up a very impressive 30%. But to give you some idea of what the new Biden Corporate taxes will mean if passed, Facebook just set aside another 800 million dollars for coming higher taxes. Bringing their projected tax liability up to $1.3 billion dollars. A 300% plus jump for taxes.

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