The settlement includes $630 million for consumers and $70 million for states. Eligible consumers will receive at least $2 and potentially more based on their spending on Google Play. All 50 states, the District of Columbia, Puerto Rico, and the Virgin Islands joined the settlement. Google was accused of overcharging consumers through unlawful restrictions and fees on its app store. Google did not admit wrongdoing. The settlement terms will allow for greater competition in the Play app stor...
$700 million that’ll teach Google. Out of curiosity, what was Google’s 2022 profit?
…279.8 billion This fine represents less than 0.25% of Google’s profit. So I guess Google won’t learn their lesson.
Edit: Fix link
that’s the equivalent of a couple sacks of groceries or a tank of gas for many of us.
Cost of doing business
Revenue =/= profit. Also, that’s just one year.
I mean, show that to OP, not me.
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Not to be a dick, but I think it’s very slightly more than 0.25%.
I don’t think we need much more resolution than 25/10000…
Peanuts
$280B can buy lots of peanuts.
Google earns about $60 billion/year. It will take Google a little over 4 days to make up the difference.