3 ms·

I don't know what point you are trying to make with that $10b fine for Apple comparison. We know the number and the % of their income. That's enough without mea

I don't know what point you are trying to make with that $10b fine for Apple comparison. We know the number and the % of their income. That's enough without meaningless comparisons.

jgalt212 4y ago
> That's enough without meaningless comparisons. The comparison is far from meaningless. If penalties have no sting, they have no deterrent value. Did you object the particular mega-company comp? If so, pleas feel free to insert your own.
- Maursault 4y ago
  $10B is a lot of money, no doubt, but it only represents about a fifth of what Apple currently has in cash. How much cash does Seagate have? Probably none. So it would be more like a $60B fine for Apple.
  - malfist 4y ago
    > How much cash does Seagate have? Probably none You know all public companies disclose this quarterly right? You could just look it up instead of giving an incorrect answer. They have $766m on hand. This is less than half of what seagate has on hand.
    - Maursault 4y ago
      > They have $766m on hand. Seagate has $766M in cash. > This is less than half of what seagate has on hand. What!? Subtracting debt, Apple now has $54B in cash.[1] Subtracting a debt of $6.03B Seagate has minus $5.264B.[2] [1] https://www.macrumors.com/2023/02/02/apple-1q-2023-earnings/ https://www.macrumors.com/2023/02/02/apple-1q-2023-earnings/ [2] https://tradingeconomics.com/stx:us:debt https://tradingeconomics.com/stx:us:debt
      - malfist 4y ago
        300M is less than half of 766M.
        Maursault 4y ago
        Thanks, I just didn't see it. But then by this measure, since Apple has $165B in cash pre-debt, one would have to fine Apple roughly $64B, or about five Gerald R. Ford-class aircraft carriers, for the metaphor to be apt, not $10B.
    - ipaddr 4y ago
      They gave you a chatGPT number: incorrect with confidence