The fines are part of their outgoing expenses, though, so at least some of that $99 in your example is going to pay these very fines
Comment on Big Tech has already made enough money in 2024 to pay all its 2023 fines | Proton
kirklennon@kbin.social 5 months ago
- This is advertising. It's not the most worst example, but it's still fundamentally an ad.
- Revenue is absolutely the wrong metric to use. If you had $100 of revenue and $99 in costs, you have only $1 left to pay your fines. Amazon did not earn enough to pay its fines in 1 hour and 50 minutes because most of that that money was used to buy and deliver the products, plus various other expenses. The blog post is misstating the numbers by over an order of magnitude for some of the companies.
residentmarchant@lemmy.world 5 months ago
Sheeple@lemmy.world 5 months ago
[deleted]Anon819450514@lemmy.ca 5 months ago
Have you seen the margin? You don’t know what you’re talking about.
farcaster@lemmy.world 5 months ago
Not OP but this kind of data is easily available for public companies: www.macrotrends.net/stocks/…/operating-margin
Less than 5% is definitely considered low-margin. Apple manages >40% by comparison. Although Amazon’s half a trillion dollars of revenue still turns that into a big pile of cash of course.
kirklennon@kbin.social 5 months ago
Amazon doesn't even pay a dividend. Do you think suppliers are just gifting their products to Amazon? Amazon is a pretty low-margin company on the whole.
Brainsploosh@lemmy.world 5 months ago
Oh no, with Amazon only having a 3,5 % margin (after fines), it would take them all of 48 hours to make up the losses.
The point still stands: the fines are ridiculously low for these companies, and they have no incentive to change based on current fines.