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It's worse than that. Almost all of Amazon's profit comes from AWS and its US business, but this fine is entirely a cost due to its retail business in the EU.
by saddlerustle 5y ago
It's worse than that. Almost all of Amazon's profit comes from AWS and its US business, but this fine is entirely a cost due to its retail business in the EU.
The operating income of Amazon's international retail business in 2020 was just $700m, it makes their entire European business last year overall unprofitable.
- adwn 5y ago> It's worse than that [...] it makes their entire European business last year overall unprofitable How's that a bad thing under the assumption that they behaved in an illegal way? Fines are supposed to hurt, and this fine won't bankrupt Amazon.
- AnssiH 5y agoI believe they meant the fines were worse for Amazon than their parent made it sound, not that the fines itself were a bad thing.
- denton-scratch 5y agoEver heard of transfer pricing? [Edit] I think I was rightly downvoted for being snarky. I'll try to remember not to snark.