this post was submitted on 19 Dec 2023
123 points (97.7% liked)

Technology

59421 readers
3562 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
123
Google has agreed to pay $700 million in an antitrust settlement with U.S. states and consumers (big.community)
submitted 11 months ago by [email protected] to c/[email protected]
18 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 46 points 11 months ago* (last edited 11 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 11 months ago

Cost of doing business

[–] [email protected] 8 points 11 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 11 months ago* (last edited 11 months ago) (1 children)

Revenue =/= profit. Also, that's just one year.

[–] [email protected] 10 points 11 months ago (2 children)

[–] [email protected] 3 points 11 months ago

I mean, show that to OP, not me.

[–] [email protected] 1 points 11 months ago* (last edited 10 months ago)

deleted

[–] [email protected] 4 points 11 months ago (2 children)

Not to be a dick, but I think it's very slightly more than 0.25%.

[–] [email protected] 5 points 11 months ago

I don't think we need much more resolution than 25/10000...

[–] [email protected] 2 points 11 months ago (1 children)

Peanuts

[–] [email protected] 0 points 11 months ago

$280B can buy lots of peanuts.

[–] [email protected] 2 points 11 months ago

Google earns about $60 billion/year. It will take Google a little over 4 days to make up the difference.