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No it isn't. People make arbitrary statements like this all the time when talking about big numbers and they often do not make sense. $5B is ~1/6 of their net i
by spywaregorilla 5y ago
No it isn't. People make arbitrary statements like this all the time when talking about big numbers and they often do not make sense. $5B is ~1/6 of their net income and a bit more than 5% of their revenue. That is a large number. It's not a death sentence, but it is a big hit.
- nielsbot 5y agoMetaphorical pennies. I don't see how a 1 time charge of 1/6 of one year's net income is that big of a charge. Make it a whole year of profit and now you're talking.
- spywaregorilla 5y ago$5B is more than the purchase price of Oculus and multiple years of VR content investment.
- nielsbot 5y agoThe price of these acquisitions isn't relevant to the amount of "pain" this fine does or does not inflict on FB.
- spywaregorilla 5y agoIn terms of trying to rationalize how much $5B matters to them I think this is a perfectly reasonable comparison.