Lee Duna@lemmy.nz to Technology@lemmy.worldEnglish · 8 months agoFrench regulator fines Amazon $35 million over its surveillance system of warehouse workerstechcrunch.comexternal-linkmessage-square27fedilinkarrow-up1499arrow-down11
arrow-up1498arrow-down1external-linkFrench regulator fines Amazon $35 million over its surveillance system of warehouse workerstechcrunch.comLee Duna@lemmy.nz to Technology@lemmy.worldEnglish · 8 months agomessage-square27fedilink
minus-squareEdibleFriend@lemmy.worldlinkfedilinkEnglisharrow-up62arrow-down2·8 months agoSeriously someone smarter then me do the fucking math. How many minutes of profit is that for them?
minus-squareNegativeLookBehind@kbin.sociallinkfedilinkarrow-up55arrow-down2·8 months agoConservatively: 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.
minus-squareHamartiogonic@sopuli.xyzlinkfedilinkEnglisharrow-up1·8 months agoThat’s just the cost of doing business for Amazon. Why should they change their tactics if the fees are that low.
minus-squareOmnificer@lemmy.worldlinkfedilinkEnglisharrow-up20·edit-28 months agoThey 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.
minus-squareSerinus@lemmy.worldlinkfedilinkEnglisharrow-up6·8 months agoYour calculations look right to me. That’s a little under eight hours of profit.
minus-squareAppoxo@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up2·8 months agoWe need percentage based fees… Make it a 10% of the quartely gross or something depending on the severity.
minus-squareThe Pantser@lemmy.worldlinkfedilinkEnglisharrow-up7arrow-down1·8 months agoAbout 36 minutes according to this article
Seriously someone smarter then me do the fucking math. How many minutes of profit is that for them?
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.
That’s just the cost of doing business for Amazon. Why should they change their tactics if the fees are that low.
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.
Your calculations look right to me. That’s a little under eight hours of profit.
We need percentage based fees…
Make it a 10% of the quartely gross or something depending on the severity.
About 36 minutes according to this article