JoeyJoeJoeJr

joined 3 years ago
[โ€“] JoeyJoeJoeJr@lemmy.ml 9 points 17 hours ago (1 children)

From the article:

"This time around, the AP said that the 824.9 million euro fine was calculated as the maximum penalty that's derived from four percent of a company's worldwide annual turnover."

Annual turnover is revenue, so top line money, before taxes, expenses, etc. They profited a little over $10 billion last year, so a nearly $1 billion fine is a little less than 10% of their profit.

I wouldn't call it insignificant - as a percentage of profit, it's not bad. But when we're talking about billions, it's still probably not enough to get them to stop.

[โ€“] JoeyJoeJoeJr@lemmy.ml 31 points 1 month ago

Pretty sure this is for people to thank their departing friends and teammates. Not the other way around.