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Facebook made $70B in 2019. This fine amounts to about 7 weeks of their time. During the time it takes for the trial / etc, they'll make enough money to pay th
by skrowl 7y ago
Facebook made $70B in 2019. This fine amounts to about 7 weeks of their time.
During the time it takes for the trial / etc, they'll make enough money to pay the full fine.
That's just revenue, obviously they'll have other expenses... but still, this isn't as large of a hit to them as $9B sounds.
- juandazapata 7y ago$70B revenue, $18B income. That $9B is half of the net income of a full year. I would say that's a hefty hit.
- objclxt 7y ago> Facebook made $70B in 2019. This fine amounts to about 7 weeks of their time. You're talking about revenue, not income. Facebook's income in 2019 was $18.5 billion. It would be a substantial hit.
- Hamuko 7y agoThe article doesn't have any figure on a possible fine.