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.
Chump change. Market cap: $4.4T. The cost of doing business is just scaling while normal people money is not.
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.