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> Sprint and T-Mobile – which have merged since the investigation began – face fines of more than $12 million and $80 million, respectively. AT&T is fined more
by rattlesnakedave 2y ago
> Sprint and T-Mobile – which have merged since the investigation began – face fines of more than $12 million and $80 million, respectively. AT&T is fined more than $57 million, and Verizon is fined almost $47 million
This seems fundamentally unserious. To scope it, Verizon's gross profit for the twelve months ending December 31, 2023 was $79.087B.
- 1024core 2y agoThey'll just write it off as cost of doing business. Increase the fines by 2 orders of magnitude, that will get their attention.
- jjtheblunt 2y agoYou mean 100x? (Still might be ignorable)
- Rebelgecko 2y agoThat would decrease their EPS by like 50%, investors would probably care which means the company wouldn't ignore it IMO
- jjtheblunt 2y agowould be hard to consider it an operating expense for sure
- deleted 2y ago[deleted]