Hacker News new | ask | show | jobs
by pmiller2 2560 days ago
Walmart’s EBITDA for the quarter ending April 30, 2019 was $7.659B. I’d call $280M a very minor annoyance.
1 comments

That's roughly ~3.5% of their income. If I took 3.5% of your income, you would be much more than minorly annoyed.

You can make the argument that 3.5% isn't high enough, but it's not nothing.

The fine covers 10 years of activity.

Your 3.5% uses 3 months of income as the denominator.

I haven't looked up Walmart's past income, but there are 40 quarters in 10 years, so it's possible they've been fined <0.1% of their income (3.5% / 40).