Agree with “just cost of doing business” argument for Google. But market cap and fine amount ratio are totally unrelated. A company’s stock price can be highly inflated in trillions in market cap and yet can have negligible incoming cash like maybe a few million dollars. So a fine of billion would definitely hurt them a lot.
Agree with “just cost of doing business” argument for Google. But market cap and fine amount ratio are totally unrelated. A company’s stock price can be highly inflated in trillions in market cap and yet can have negligible incoming cash like maybe a few million dollars. So a fine of billion would definitely hurt them a lot.