this post was submitted on 23 Jan 2024
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Seriously someone smarter then me do the fucking math. How many minutes of profit is that for them?
Conservatively:
Amazon makes approximately 800k per minute, so in about 45 minutes they’ve recouped their money. Make it one hour just to cover all other costs, lawyers, etc involved in this.
Is that revenue, or profit? Also is this specifically revenue on France or globally?
Doesn’t matter as it won’t be enough to prevent them from continuing breaking the law.
Idk I did some math from the first search result I found
It's kind of a big difference. If a company makes 300M but spends 400M it's unsustainable despite it being huge numbers.
That’s just the cost of doing business for Amazon. Why should they change their tactics if the fees are that low.
They reported 9.9 billion in profit for their third quarter last year, so I think 458 minutes of profit from that quarter.
I assumed 90 days in the quarter, or 129,600 minutes.
So dollar or minute wise, that comes out to a 00.35% penalty to that quarter.
Edit: Which isn't even close to the 36 minutes in that article, so I'd err on me being the wrong one.
Edit 2: I think I see the difference, I was looking at their profit, not their revenue.
Your calculations look right to me. That's a little under eight hours of profit.
We need percentage based fees....
Make it a 10% of the quartely gross or something depending on the severity.
About 36 minutes according to this article