> more than $800 million in funds towards producing medical supplies used to fight COVID-19, and in ad credits
> produce 2 million to 3 million face masks, and will financially support efforts to boost the production capacity for lifesaving medical devices
> $340 million in Google ad credits to small and medium businesses active on its platform
> $250 million in ad grants for the World Health Organisation and many government agencies
Google was already going to report reduced ad earnings this year. So, based on these numbers, if I am getting it right, they're going to get a $590M tax credit or whatever for these worthless ad credits, and then (potentially, since there's no hard numbers or commitments) spend $210M on medical-related products.
So their expenses on this might be more than offset by the tax benefits of their "donation."
Nothing quite like looking good without spending any money!
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[ 3.2 ms ] story [ 16.2 ms ] threadAm I missing something?
> more than $800 million in funds towards producing medical supplies used to fight COVID-19, and in ad credits
> produce 2 million to 3 million face masks, and will financially support efforts to boost the production capacity for lifesaving medical devices
> $340 million in Google ad credits to small and medium businesses active on its platform
> $250 million in ad grants for the World Health Organisation and many government agencies
Google was already going to report reduced ad earnings this year. So, based on these numbers, if I am getting it right, they're going to get a $590M tax credit or whatever for these worthless ad credits, and then (potentially, since there's no hard numbers or commitments) spend $210M on medical-related products.
So their expenses on this might be more than offset by the tax benefits of their "donation."
Nothing quite like looking good without spending any money!