homephotos Newstechnology NewsMeta generates over $900 profit per second – here’s how much other tech giants earn

Meta generates over $900 profit per second – here’s how much other tech giants earn

SUMMARY

Big tech companies like Apple and Microsoft are raking in thousands of dollars in profit per second, a new study by fintech software company Tipalti has revealed. While an average tech company makes profits of $182 per second, tech giants like Apple make a profit of over $1,820 per second. This means that if an average worker in the US earns around $1.7 million in their lifetime, it would be less than what some of the big tech giants earn in an hour, the study said. Here’s a look at how much profit some tech giants earn per second.

By CNBCTV18.com Nov 25, 2022 8:25:25 PM IST (Published)

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Meta Platforms |  Mark Zuckerberg-led Meta Platforms, which is the parent company of social media giant Facebook, is fifth on the list generating a profit of $924 or Rs 75,349 every second. (Image: Shutterstock)

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Alphabet |  In the September quarter, Google’s parent company Alphabet earned a net profit of $13.9 billion, down 27 percent from a year earlier, even as its revenues climbed 6 percent to $69.1 billion. The company bagged the fourth spot on Tipalti’s list, making $1,277 or Rs 1.04 lakh per second. (Image: Shutterstock)

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