Amazon and Apple were found guilt of colluding to limit the sale of Apple products by third-party sellers on the huge online retail platform.

  • Fiona
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    1 year ago

    For context: Amazon has a market-capitalization of almost 1.4 Trillion USD and Apple one of over 3 Trillion USD.

    AKA: This is a slap on the wrist that would have required two or three more zeroes to be actually painful.

    • spriteblood@kbin.social
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      1 year ago

      Statista says:

      In 2022, Amazon’s total consolidated net sales revenue amounted to 514 billion U.S. dollars

      Their part of the fine is about $56.7 million, making it about 0.01% of that amount.

      In US minimum wage terms, that’s working full time for a year and then having to pay about $1.50.