this post was submitted on 19 Dec 2023
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123
Google has agreed to pay $700 million in an antitrust settlement with U.S. states and consumers (big.community)
submitted 10 months ago by [email protected] to c/[email protected]
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[–] [email protected] 46 points 10 months ago* (last edited 10 months ago) (5 children)

$700 million that'll teach Google. Out of curiosity, what was Google's 2022 profit?

......279.8 billion This fine represents less than 0.25% of Google's profit. So I guess Google won't learn their lesson.

Edit: Fix link

[–] [email protected] 9 points 10 months ago

Cost of doing business

[–] [email protected] 8 points 10 months ago* (last edited 10 months ago) (1 children)

Revenue =/= profit. Also, that's just one year.

[–] [email protected] 10 points 10 months ago (2 children)

[–] [email protected] 3 points 10 months ago

I mean, show that to OP, not me.

[–] [email protected] 1 points 10 months ago* (last edited 9 months ago)

deleted

[–] [email protected] 8 points 10 months ago

that's the equivalent of a couple sacks of groceries or a tank of gas for many of us.

[–] [email protected] 4 points 10 months ago (2 children)

Not to be a dick, but I think it's very slightly more than 0.25%.

[–] [email protected] 5 points 10 months ago

I don't think we need much more resolution than 25/10000...

[–] [email protected] 2 points 10 months ago (1 children)

Peanuts

[–] [email protected] 0 points 10 months ago

$280B can buy lots of peanuts.

[–] [email protected] 2 points 10 months ago

Google earns about $60 billion/year. It will take Google a little over 4 days to make up the difference.