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Mazdak@lemmy.org to Technology@lemmy.worldEnglish · 1 year ago

Google has agreed to pay $700 million in an antitrust settlement with U.S. states and consumers

big.community

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Google has agreed to pay $700 million in an antitrust settlement with U.S. states and consumers

big.community

Mazdak@lemmy.org to Technology@lemmy.worldEnglish · 1 year ago
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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...
  • ShaggySnacks@lemmy.myserv.one
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    1 year ago

    $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

    • kautau@lemmy.world
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      1 year ago

      Cost of doing business

    • iAmTheTot@kbin.social
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      1 year ago

      Revenue =/= profit. Also, that’s just one year.

      • PatFusty@lemm.ee
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        1 year ago

        • iAmTheTot@kbin.social
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          1 year ago

          I mean, show that to OP, not me.

        • LWD@lemm.ee
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          deleted

    • ares35@kbin.social
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      1 year ago

      that’s the equivalent of a couple sacks of groceries or a tank of gas for many of us.

    • AbidanYre@lemmy.world
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      Not to be a dick, but I think it’s very slightly more than 0.25%.

      • Darkassassin07@lemmy.ca
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        1 year ago

        I don’t think we need much more resolution than 25/10000…

      • lurch (he/him)@sh.itjust.works
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        1 year ago

        deleted by creator

        • AbidanYre@lemmy.world
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          1 year ago

          $280B can buy lots of peanuts.

    • gedaliyah@lemmy.world
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      1 year ago

      Google earns about $60 billion/year. It will take Google a little over 4 days to make up the difference.

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