Technology

59414 readers

2846 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

founded 1 year ago

MODERATORS

520

submitted 9 months ago by throws_lemy@lemmy.nz to c/technology@lemmy.world

31 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] Omnificer@lemmy.world 23 points 9 months ago* (last edited 9 months ago) (2 children)

They reported 9.9 billion in profit for their third quarter last year, so I think 458 minutes of profit from that quarter.

I assumed 90 days in the quarter, or 129,600 minutes.

So dollar or minute wise, that comes out to a 00.35% penalty to that quarter.

Edit: Which isn't even close to the 36 minutes in that article, so I'd err on me being the wrong one.

Edit 2: I think I see the difference, I was looking at their profit, not their revenue.

[–] Serinus@lemmy.world 6 points 9 months ago

Your calculations look right to me. That's a little under eight hours of profit.

[–] Appoxo@lemmy.dbzer0.com 2 points 9 months ago

We need percentage based fees....
Make it a 10% of the quartely gross or something depending on the severity.