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French regulator fines Amazon $35 million over its surveillance system of warehouse workers (techcrunch.com)

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

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[–] EdibleFriend@lemmy.world 47 points 9 months ago (3 children)

Seriously someone smarter then me do the fucking math. How many minutes of profit is that for them?

[–] NegativeLookBehind@kbin.social 46 points 9 months ago (2 children)

Conservatively:

Amazon makes approximately 800k per minute, so in about 45 minutes they’ve recouped their money. Make it one hour just to cover all other costs, lawyers, etc involved in this.

[–] SkyNTP@lemmy.ml 11 points 9 months ago (1 children)

Is that revenue, or profit? Also is this specifically revenue on France or globally?

[–] NegativeLookBehind@kbin.social 2 points 9 months ago (1 children)

Idk I did some math from the first search result I found

[–] Alimentar@lemm.ee 4 points 9 months ago (1 children)

It's kind of a big difference. If a company makes 300M but spends 400M it's unsustainable despite it being huge numbers.

[–] EdibleFriend@lemmy.world 1 points 9 months ago

Do you really think Amazon is one of those companies? Operating in the red? No actual profit?

[–] Hamartiogonic@sopuli.xyz 1 points 9 months ago

That’s just the cost of doing business for Amazon. Why should they change their tactics if the fees are that low.

[–] Omnificer@lemmy.world 16 points 9 months ago* (last edited 9 months ago) (1 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.

[–] Appoxo@lemmy.dbzer0.com 1 points 9 months ago

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

[–] ThePantser@lemmy.world 4 points 9 months ago

About 36 minutes according to this article