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A comment on Italy fines Amazon record $1.3B for abuse of market dominance. Parent comment

Re:Italy fines Amazon record $1.3B for abuse of market domin... by toyg on Thursday December 09, 2021 @04:56AM (#29495581)
In the worst (for Amazon) scenario, we're looking at 20% of localized revenues over a year. Amazon reported an average 5-7% profit margin in the last few years. Even in the worst case, they will be back in pure profit after just a few years...

For illustration, 5% of 5bn is 250m, so if the fine is 1.1bn, it will take them 4 years to absorb it from localized profits only. Peanuts.

[ Parent | on HN ]
Re:Italy fines Amazon record $1.3B for abuse of market domin... by carlhjerpe on Thursday December 09, 2021 @05:26AM (#29495803)
Assuming they're able to play by the rules, they might just not be able to. We've seen Google fined over and over for things. I'm not sure Amazon would be different (I guess they have to to remain profitable or pull out).
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Re:Italy fines Amazon record $1.3B for abuse of market domin... by account42 on Thursday December 09, 2021 @05:53AM (#29496008)
That Google keeps getting fined only says that the earlier fines were not enough.

They definitely are capable of playing by the rules.

[ Parent | on HN ]