inclementimmigrant@lemmy.world to Technology@lemmy.worldEnglish · 3 days agoEU Hits Google With $3.5 Billion Antitrust Finetechstory.inexternal-linkmessage-square20fedilinkarrow-up1335arrow-down14
arrow-up1331arrow-down1external-linkEU Hits Google With $3.5 Billion Antitrust Finetechstory.ininclementimmigrant@lemmy.world to Technology@lemmy.worldEnglish · 3 days agomessage-square20fedilink
minus-squaremechoman444@lemmy.worldlinkfedilinkEnglisharrow-up23·2 days ago3.5 billion. This isn’t a fine. This is just a windfall for the EU. The price of doing business. If they really wanted to hurt Google they’d demand a percentage of their quarterly profits. Say 10%. That would really make Google nervous.
minus-squaremasterofn001@lemmy.calinkfedilinkEnglisharrow-up19·2 days ago10% of gross revenue would be better. Profits can always be turned to “losses” with clever accounting and shell corps (see Hollywood accounting) And net values can always be offset by deductions and other costs. You can’t fuck with gross.
3.5 billion.
This isn’t a fine. This is just a windfall for the EU. The price of doing business.
If they really wanted to hurt Google they’d demand a percentage of their quarterly profits. Say 10%. That would really make Google nervous.
10% of gross revenue would be better.
Profits can always be turned to “losses” with clever accounting and shell corps (see Hollywood accounting)
And net values can always be offset by deductions and other costs.
You can’t fuck with gross.
Agreed.