21–22 of 22 posts
Analysts are now thinking in EBITDAS: Earnings Before Interest, Taxes, Depreciation, Amortization, and Slaps on the Wrist.
Earlier quoted context omitted.
I did suspect Poe was involved. Been trying to think it through, but I guess I'm getting annoyed by how trivial people seem to think fines are. I'm not sure how to research this, but it seems like most companies hit with a fine like that will change their behavior. Malicious compliance exists (and I would not put it past Google), but it is at least moving in a better direction. That said. I also think Google has acce…
Google just got hit with a $314 million fine for secretly tracking Android users’ locations. Sounds big, right? Not really. In 2024, Alphabet made $62 billion in net income — this fine is just 0.5% of that. History shows fines this small don’t change corporate behavior. Take HSBC. In 2012, they paid $1.9 billion for laundering cartel and sanctioned-country money — 11% of their profit that year. Still, they were later…
It didn't. It got sued for using users' metered cellular data and received a judgment telling it to pay users for that data usage. There is nothing about a fine for secretly tracking locations here.