Do they even actually pay these fines tho? I would assume there are just endless legal battles about them and none of them have actually ever been payed.
Should be the other way around. It takes one year of profits to pay three week worth of fines.
It would be more illustrative to know the percentage of the annual profits the fine costed them
3 weeks is about 5% of the year. Do you think that’s a more illustrative figure than 3 weeks in a year? I think you’re in the minority on that opinion.
I would be more intrested in how long it takes them to pay a fine using the revenue from the region that fine was issued from.
I probably haven’t had enough coffee yet, but what exactly is this chart trying to show? And why are MS, Meta, and Apple listed multiple times as opposed to once like they are in the article (once per section)?
The article aggregated all the fines per company (though a breakdown is available at the bottom of the article). The image shows the top 8 biggest individual fines, and the companies you listed had multiple fines in the top 8.
It shows the biggest fines imposed to each company and the month they were paid in. At the end of the article there’s a list with different individual fines of each company, with the ammount fined as well as the reason and a link to a relevant article. They just took the biggest numbers for this chart. Hope this helps, and correct me if I’m wrong :)
Don’t forget about this
Too bad for Google that the fine was not issued in rubels. 20 decillion rubels is like $3.
if we could get that to months and for all corps and it would be a decent tax rate.
Yes, but have you thought about the poor CEO’s? These fines make it harder for Bezos to buy another yacht to take him to his yacht that tenders his main yacht.
These fines make it harder for Bezos
Truth is he doesn’t even notice it. These fines are mere days, maybe a week’s worth of income to people like him.
Furthermore, the wealthy don’t take cash profits to buy things, they collateralize their wealth for loans to buy yachts.
