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Spain fines Apple and Amazon €194M for colluding to restrict competition (thenextweb.com)

submitted 1 year ago by kjr@kbin.social to c/tech@kbin.social

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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.

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[–] spriteblood@kbin.social 4 points 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.