chobeat@lemmy.ml to Technology@lemmy.worldEnglish · 12 hours agoGoogle fined EUR 3 billion by EU for blocking competition in online ad saleswww.telecompaper.comexternal-linkmessage-square9fedilinkarrow-up1209arrow-down11cross-posted to: technology@lemmy.ml
arrow-up1208arrow-down1external-linkGoogle fined EUR 3 billion by EU for blocking competition in online ad saleswww.telecompaper.comchobeat@lemmy.ml to Technology@lemmy.worldEnglish · 12 hours agomessage-square9fedilinkcross-posted to: technology@lemmy.ml
minus-squareAttacker94@lemmy.worldlinkfedilinkEnglisharrow-up2·3 hours agoI would much rather over tune the fine than make it a cost of doing business, in general accountants think backwards to most people and they won’t tell the higher ups to change anything until it really affects the bottom line.
minus-squareSquizzy@lemmy.worldlinkfedilinkEnglisharrow-up1·44 minutes agoMy point was it isnt a cost of doing business, if your costs are more than your earnings then it is just bad business. We dont have a view of how much profit this infraction earned them but I would have a hard time believing it approached 2.5% of their global profit. Any bean counter is going to love pointing out a fuck up of someone else that they can take credit for remedying.
I would much rather over tune the fine than make it a cost of doing business, in general accountants think backwards to most people and they won’t tell the higher ups to change anything until it really affects the bottom line.
My point was it isnt a cost of doing business, if your costs are more than your earnings then it is just bad business.
We dont have a view of how much profit this infraction earned them but I would have a hard time believing it approached 2.5% of their global profit.
Any bean counter is going to love pointing out a fuck up of someone else that they can take credit for remedying.