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d33
on June 3, 2020
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Google faces $5B lawsuit in U.S. for tracking 'pri...
Could someone put that in context of how much that could actually hit them and how realistic it is for that to happen?
brenden2
on June 3, 2020
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Google's revenue for 2019 was $161 billion, so $5b amounts to about 3.1% of their revenue.
https://finance.yahoo.com/quote/GOOG/financials?p=GOOG
d33
on June 3, 2020
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Doesn't sound like something that they could actually care about. How much theoretically would they have to lose in order to actually have to comply?
brenden2
on June 3, 2020
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Assuming they had to pay the full amount, sure, it might make a dent, but it's also a one time event. It amounts to losing ~11 days of revenue, less than 2 weeks.
jdmichal
on June 3, 2020
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But earnings was only $34 billion. A ~15% hit to earnings would probably not fare very well on the market, even if it is only one-time.
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