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testeronious@lemmy.world to Technology@lemmy.worldEnglish ·
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1 year ago

Big Tech has already made enough money in 2024 to pay all its 2023 fines

proton.me

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Big Tech has already made enough money in 2024 to pay all its 2023 fines

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testeronious@lemmy.world to Technology@lemmy.worldEnglish ·
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1 year ago
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Big Tech has already made enough money in 2024 to pay all its 2023 fines | Proton
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Big Tech (Alphabet, Amazon, Apple, Meta, and Microsoft)'s annual revenue dwarfs total fines. The cost for privacy is insignificant to them.
  • 🐑🇸 🇭 🇪 🇪 🇵 🇱 🇪🐑@lemmy.world
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    1 year ago

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    • kirklennon@kbin.social
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      1 year ago

      Amazon doesn’t even pay a dividend. Do you think suppliers are just gifting their products to Amazon? Amazon is a pretty low-margin company on the whole.

    • Anon819450514@lemmy.ca
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      1 year ago

      Have you seen the margin? You don’t know what you’re talking about.

      • farcaster@lemmy.world
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        1 year ago

        Not OP but just letting people know this kind of data is easily available for public companies: https://www.macrotrends.net/stocks/charts/AMZN/amazon/operating-margin

        Less than 5% is definitely considered low-margin. Apple manages >40% by comparison. Although Amazon’s half a trillion dollars of revenue still turns that into a big pile of cash of course.

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