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If they do not comply within 90 days, they can be fined with 5% of the daily average revenue of Alphabet, Inc. For FY16, they had a revenue of approx. $90.27b, that leaves a fine of approx. $12.3m. *edit: forgot to divide by 365 (days). I apologise.
Meaning that the fine is about half of what they make in a day. A slap on the wrist.
If they do not comply within 90 days, they can be fined with 5% of the daily average revenue of Alphabet, Inc. For FY16, they had a revenue of approx. $90.27b, that leaves a fine of approx. $12.3m. *edit: forgot to divide by 365 (days). I apologise.
Meaning that the fine is about half of what they make in a day. A slap on the wrist.
Google's flagship product is the Google search engine,
which provides search results to consumers,
who pay for the service with their data.
Who receives the fine, and is it disbursed in some way to the citizens of EU member states?
[0] http://europa.eu/rapid/press-release_MEMO-09-235_en.htm?loca...
Capitalism is like a competition that when you win you don't ever get to play again.
It's more like a game where others should have the chance to win at one point, just like you did.
Opinions on the decision will sure differ among readers, but I think the decision is in place with the majority of EU citizens' consensus.