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submitted 8 months ago by [email protected] to c/[email protected]

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[–] [email protected] 23 points 8 months ago* (last edited 8 months ago) (2 children)

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.

[–] [email protected] 6 points 8 months ago

Your calculations look right to me. That's a little under eight hours of profit.

[–] [email protected] 2 points 8 months ago

We need percentage based fees....
Make it a 10% of the quartely gross or something depending on the severity.