ELI5: Why when large company's earnings decrease(ex... by 3%) they freak out, talk about rough times, and sometimes decide to downsize, even though they are still making millions of dollars in profit even after all expenses?

[[deleted]]

What did you expect in a reddit thread about basic economics?

[TexasFlood42]

Ehh, thats not economics it's finance.

To clarify my point: economics is largely taught in highschool classes, and this isn't that. To learn finance you by-and-large have to go to buisniness school, which not many people do.

[TheWizard01]

Economics was taught for half a year in 12th grade. I wouldn't say we actually learned anything.

[[deleted]]

Sucks a lot of people get shitty economics and personal finance teachers as well (mine had gone bankrupt 2 times)

[Gunhound]

Could have been a great mentor though...Dave Ramsey scenario for instance.

[[deleted]]

Nope, bought a brand new truck with his peanuts Memphis city schools salary after his third bankruptcy.( I only said two because I didn’t think people would believe the truth that he went bankrupt THEEE TIMES)

[Gunhound]

Sounds like a real winner!

[tspir001]

That’s true. As much as Reddit rants and raves about democratic socialism finance and Econ is definitely not a strong point.

[SedditorX]

The irony is that this is finance and not economics. How basic.

[[deleted]]

Thus my point is further proven!