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by advisedwang
1124 days ago
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Their '23 Q1 10-K shows Europe revenue of $6.8B (for the quarter). By population the UK is 67M / 746M = 9% of the region. So that suggests the UK is responsible for $6.8B40.09=$2.4B of revenue per year, likely more as Facebook has high penetration there and it's a high value advertising market. |
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I wonder if they could've just cut off Giphy in the UK (likely much smaller), which would theoretically keep the UK wide open for gif-sharing competition.