4 ms·

Is 280M just a speeding ticket? I wonder if they are met ahead or behind because of the policy.

• nerdponx 7y ago
  It's just a speeding ticket. They are ahead.
  • ghufran_syed 7y ago
    It's 3.67% of that number - if you were a software engineer making $100,000 / year in the US, it would be like paying a speeding ticket of $3670, which is an order of magnitude greater than most speeding tickets in the US
    • throw_away 7y ago
      $7.659B is the quarterly number, so divide your fine by four -> $917, which would still be quite an expensive speeding ticket, but within the max possible fines in my state.
      • hanniabu 7y ago
        It kind of would be like getting a ticket when you account the total cost with your insurance going up and that staying on your record for ~4 years.
    • Avshalom 7y ago
      100,000 is gross revenue. Walmart's was $514B. 280M is then equivalent to $55.
• pmiller2 7y ago
  Walmart’s EBITDA for the quarter ending April 30, 2019 was $7.659B. I’d call $280M a very minor annoyance.
  • dahfizz 7y ago
    That's roughly ~3.5% of their income. If I took 3.5% of your income, you would be much more than minorly annoyed. You can make the argument that 3.5% isn't high enough, but it's not nothing.
    • rahimnathwani 7y ago
      The fine covers 10 years of activity. Your 3.5% uses 3 months of income as the denominator. I haven't looked up Walmart's past income, but there are 40 quarters in 10 years, so it's possible they've been fined <0.1% of their income (3.5% / 40).