this post was submitted on 03 Jan 2025
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I didn't say to use profit to calculate the fine.
There is a comparison here, between the amount of the fine and revenue. I'm saying that a more appropriate comparison would be between the fine and profit.
It still doesn't matter even from comparison point of view. In context of the comment, comparing it against revenue makes more sense than profit, since that's what investors care about as that's what grows stock value. Profit is what bonuses are based on when we are talking about these trillion-dollar corporations. So if we want to "teach" the investors, revenue is the target.