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A comment on European Commission fines Google €2.42B for abusing dominance.

Re:European Commission fines Google €2.42B for abusing domin... by mrleiter on Tuesday June 27, 2017 @06:05AM (#14643788)
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.

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Re:European Commission fines Google €2.42B for abusing domin... by nickserv on Tuesday June 27, 2017 @06:09AM (#14643806)
Meaning that the fine is about half of what they make in a day. A slap on the wrist.
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Re:European Commission fines Google €2.42B for abusing domin... by uhnuhnuhn on Tuesday June 27, 2017 @06:18AM (#14643859)
The fine is 5% of daily Alphabet revenues, per day.
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Re:European Commission fines Google €2.42B for abusing domin... by xbmcuser on Tuesday June 27, 2017 @06:14AM (#14643840)
Not profit revenue google this fine is 15-20% of google profits
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Re:European Commission fines Google €2.42B for abusing domin... by richardknop on Tuesday June 27, 2017 @08:35AM (#14644788)
They could be fined 5% of their daily revenue every day until they comply! Big difference.

That would actually be a lot of money even for Google.

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