this post was submitted on 10 May 2025
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Privacy

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Google Pays $1.375 Billion to Texas Over Unauthorized Tracking and Biometric Data Collection (thehackernews.com)
submitted 4 weeks ago by Forumite@lemm.ee to c/privacy@lemmy.dbzer0.com
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[–] Viking_Hippie@lemmy.dbzer0.com -1 points 4 weeks ago

It's about 1.4% of their annual profit

Nowhere near it. You ARE aware that the official profits are AFTER the army of tax avoidance lawyers and accountants do their somehow still legal thing, right?

Wouldn't be surprised if the ACTUAL profits were multiple times the official number.

Revenue is a useless metric.

Not compared to post-avoidance profits.

If this same result were applied to all users and jurisdictions worldwide, we'd be looking at about 200-300% of their annual profit

Only if going by the official number and counting several users and jurisdictions more than once.