Google has lost its final legal challenge against a European Union penalty for giving its own shopping recommendations an illegal advantage over rivals in search results, ending a long-running antitrust case that came with a whopping fine
    • crystenn@lemmy.mlEnglish
      01·
      9 days ago

      Revenue doesn’t equal profit. Apple’s 2023 net profit was 96b, so a 14b fine is a substantial portion of their overall profits (~15%).

      Of course, they’re not hurting by any stretch of the imagination, 82b is still a STUPID amount of money, but we should be getting the facts and numbers correct

      • Sprokes@jlai.luEnglish
        1·
        9 days ago

        Revenue doesn’t equal profit but many companies are using multiple schemes to show that they are not profitable. So we also need to check the revenue. A company can just increase the CEO salary to eat up all the profit.