Re:Italy fines Amazon record $1.3B for abuse of market domin...
by jstummbillig on Thursday December 09, 2021 @04:56AM
(#29495584)
Suffice to say that, if the 5-10B rev estimate is indeed true, the margins can not be fat enough to shrug off a 1B fine.
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Re:Italy fines Amazon record $1.3B for abuse of market domin...
by toyg on Thursday December 09, 2021 @05:03AM
(#29495640)
On the specific market. But Amazon EU as a whole makes 44bn per year, which at 5% means 2.2bn per year.
The hit is not sustainable if replicated across two or three EU markets, but if limited to Italy it's just a cost of business.
Re:Italy fines Amazon record $1.3B for abuse of market domin...
by jstummbillig on Friday December 10, 2021 @09:58AM
(#29510603)
Business wise, it does seem a little odd to consider Amazon EU as one package, when operating income and costs are as localized and non-homogeneous as they are.