this post was submitted on 11 Oct 2023
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751
Ebay Could Owe $1.9 Billion in Fines for Allowing Sale of 343,000 Emissions Defeat Devices (www.thedrive.com)
submitted 1 year ago by [email protected] to c/[email protected]
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Ebay Could Owe $1.9 Billion in Fines for Allowing Sale of 343,000 Emissions Defeat Devices::The Department of Justice alleges that eBay illegally sold 343,011 emissions defeat devices, and could face billions in penalties.

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[–] [email protected] 31 points 1 year ago (1 children)

They did nearly $10B in revenue last year…

[–] [email protected] 4 points 1 year ago (1 children)

Yeah, and a net loss of a bit over $1B. Revenue ≠ money in the bank.

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

But a $3M loss is going to sting when they’re already losing over 333 times that per year?

[–] [email protected] -4 points 1 year ago

Yes it will. Also the PR negativity from this caused there stock to drop %1.6 according to Reuters.

I am not a fan of these silly laws but the enforcement will be effective