3 ms·
5 billion is peanuts to google. if the fine is low enough that it can be written off as a cost of business, it's too low. effective fines devastate profit margi
by cryoshon 7y ago
5 billion is peanuts to google. if the fine is low enough that it can be written off as a cost of business, it's too low. effective fines devastate profit margins rather than merely crimping them.
- kittiepryde 7y agoDoing some quick googling, it looks like their quarterly revenue is in the 6-7 billion range. I don't believe 20%ish of revenue is in the peanuts range. Edit: doing some more googling, maybe it's in the 10 billion range; getting better for Google, but I still can't see a company deciding that such a fine is irrelevant.
- rbavocadotree 7y agoQ2'19 Revenue was 39.7 Billion. Income was 9.2 Billion.
- elorant 7y agoIt's not peanuts. Fines are meant as a warning. You keep ignoring them eventually they'll hit you with something that will really hurt.
- eptcyka 7y agoWould you like to transfer 1/8th of your yearly earnings to my account? After all, it's just peanuts.