this post was submitted on 23 Jan 2024
520 points (99.6% liked)
Technology
59693 readers
2025 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
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Seriously someone smarter then me do the fucking math. How many minutes of profit is that for them?
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.
We need percentage based fees....
Make it a 10% of the quartely gross or something depending on the severity.