In 2024, major tech companies like Apple, Google, Meta, Amazon, and Microsoft faced intense scrutiny and hefty fines for anti-competitive practices and privacy violations. Google was fined nearly $3 billion, but with a free cash flow of $47.9 billion for that period, it easily absorbed the penalty. Similarly, Meta paid a $1.46 billion fine in under two weeks, and Amazon’s $57 million fine was negligible against its daily revenue. Despite the growing frequency of these fines, industry giants continue to thrive, showing that such penalties are perceived merely as business costs rather than significant punishments.
In 2024, tech giants faced unprecedented scrutiny worldwide, with fines becoming routine, yet these penalties are mere bumps for their thriving businesses.
Google's free cash flow allows it to cover $3 billion in fines within three weeks, emphasizing that penalties are trivial compared to their revenue.
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