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Google's Q1 2021 revenue was $55.1bn [0]. So EUR220m is 0.4% of one quarter's revenue. Commercially at least, that's basically a noise-level cost of doing bus
by spinningslate 5y ago
Google's Q1 2021 revenue was $55.1bn [0]. So EUR220m is 0.4% of one quarter's revenue.
Commercially at least, that's basically a noise-level cost of doing business. It might be that it instigates a change in market dynamics but we'll have to see.
More generally, it is another example of the growing sentiment against the big tech players - and one of the few (thus far) that have come to conclusion.
[0]: https://www.statista.com/statistics/267606/quarterly-revenue-of-google/ https://www.statista.com/statistics/267606/quarterly-revenue...
- ysavir 5y agoI'm assuming the $55.1bn is international, not just in France. What was its revenue in France? What would its profit look like if other nations fined it similarly? We don't need a single nation to fine FAANG or others "once and for all" on behalf of all nations. We need every nation fining them over and over again for each offense.
- amomo 5y agoAs this is a french fine, you probably should compare it to the french revenue (couldn't find it except an estimated $2bn in 2019) ?
- Iv 5y agoGoogle declared 440m revenues in France in 2018. So that's 50% of its official yearly income. Of course, this was a fiction, that was attacked in court, Google settled this one for 1 billion in 2019. The principle of the fines in France is that the first one is a warning, that serves to clarify rules that may not have seem obvious at first, but non compliance a second time can cost a lot.