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]
18 comments fedilink hide all child comments
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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

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

[–] [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] 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.

[–] [email protected] 35 points 10 months ago (1 children)

Google will expand billing options for in-app purchases and simplify direct app downloads from developers.

Sounds like a win actually. Nice.

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

That's the real headline right there. This is huge news, and hopefully opens the door (or re-opens?) to eventually opening up Apple's ecosystem.

I understand the merits of Apple's case with Epic and why Apple prevailed, but it still seems like a big part of their market dominance was not properly attributed to their mind share and sheer momentum, and not entirely due to their service and product quality.

Sorry if thats unclear,, typing on mobile and will try to expand that thought later.

[–] [email protected] 3 points 10 months ago* (last edited 10 months ago)

How does this help open up Apple's ecosystem? Iirc the reason why google lost here is because of Android, specifically because they don't have a closed ecosystem. If anything it seems this emboldens Apple to keep doing what it's doing.

[–] [email protected] 7 points 10 months ago (1 children)

Sweet. A whole $2!

[–] [email protected] 5 points 10 months ago (1 children)

Plus some insanely low pro rata payment for play store purchases in the last 7 years. So probably $2.35.

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

I expect to only get a discount on some future purchase. Can't just be giving out money all willy nilly. Might make their wrist a bit red.