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Now I hate TMobile for throttling me so many times over the last few years, BUT: That's more than a slap on the wrist. It's 10% of their profit. How would yo
by chillingeffect 10y ago
Now I hate TMobile for throttling me so many times over the last few years, BUT:
That's more than a slap on the wrist. It's 10% of their profit. How would you like to be fined 10% of your leftover money after your bills are paid? That's a decent chunk of skin.
I actually believe it's a pretty fair punishment. I believe comparing it to revenue is irrelevant because it's an extremely capital-intensive process. If it takes 32B to make 0.479B, their margin is about 1/64th!
- davesque 10y agoI see your point. I wonder, though, which fundamental the fine should be compared to. I'm not sure if profit is really the right one. Of course I'm no expert.
- CaveTech 10y agoIncrease your costs so you make very little "profit" on paper. Shareholders wouldn't like it, but your fines would be close to 0. Profit is a terrible metric, it measures the efficiency of your organization.
- diydsp 10y agoThe fine should be compared to the damages experienced by the victims. The comparison to fundamentals is really a red herring. PP probably only brought it up in response to the poster before them. It may not be easy to compute the damages, but I agree with the point above: the fine is NOT a slap on the wrist. It represents a sizeable chunk of the company's profit.