Big Tech has already made enough money in 2024 to pay all its 2023 fines | Proton
Submitted 10 months ago by testeronious@lemmy.world to technology@lemmy.world
https://proton.me/blog/big-tech-2023-fines-vs-revenue
Submitted 10 months ago by testeronious@lemmy.world to technology@lemmy.world
https://proton.me/blog/big-tech-2023-fines-vs-revenue
kirklennon@kbin.social 10 months ago
Brainsploosh@lemmy.world 10 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.
residentmarchant@lemmy.world 10 months ago
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
Sheeple@lemmy.world 10 months ago
Anon819450514@lemmy.ca 10 months ago
Have you seen the margin? You don’t know what you’re talking about.
kirklennon@kbin.social 10 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.