Comment on Google fined EUR 3 billion by EU for blocking competition in online ad sales
Squizzy@lemmy.world 10 hours agoLook I am all for increasing fines but people need to stop discussing a fine’s impact in terms of global revenue etc… It is useful but in cases like this the question is do you think that 2.5% of their profits came from this one action, because if not then it was a net loss and the fine will discourage it going forward because it doesn’t make sense.
Attacker94@lemmy.world 9 hours ago
I would much rather over tune the fine than make it a cost of doing business, in general accountants think backwards to most people and they won’t tell the higher ups to change anything until it really affects the bottom line.
Squizzy@lemmy.world 6 hours ago
My point was it isnt a cost of doing business, if your costs are more than your earnings then it is just bad business.
We dont have a view of how much profit this infraction earned them but I would have a hard time believing it approached 2.5% of their global profit.
Any bean counter is going to love pointing out a fuck up of someone else that they can take credit for remedying.
JohnEdwa@sopuli.xyz 6 hours ago
You don’t believe that the anticompetitive ad stuff Google has been doing for 11 years approached 2.5% of their one year profit?