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Could someone put that in context of how much that could actually hit them and how realistic it is for that to happen?
by d33 6y ago
Could someone put that in context of how much that could actually hit them and how realistic it is for that to happen?
- brenden2 6y agoGoogle's revenue for 2019 was $161 billion, so $5b amounts to about 3.1% of their revenue. https://finance.yahoo.com/quote/GOOG/financials?p=GOOG https://finance.yahoo.com/quote/GOOG/financials?p=GOOG
- d33 6y agoDoesn't sound like something that they could actually care about. How much theoretically would they have to lose in order to actually have to comply?
- brenden2 6y agoAssuming they had to pay the full amount, sure, it might make a dent, but it's also a one time event. It amounts to losing ~11 days of revenue, less than 2 weeks.
- jdmichal 6y agoBut earnings was only $34 billion. A ~15% hit to earnings would probably not fare very well on the market, even if it is only one-time.