Are you just reading what you want to read?

An example could be AliExpress, with a 130B in revenue and 11B in profit (2023), it would reduce their profit to 3.2B with the 6% fine. That’s a whopping 70% less profits, and cutting expenses isn’t gonna fix it either.

If you cared to read the article, you will find that they also are investigating AliExpress, Facebook, Instagram and Tiktok.

It’s 6% of revenue, not profit. So it cuts even more into profits as it doesn’t allow a company in breach of regulations to reduce the impact of the fine by adding expenses that will temporarily lower their profit.

Even more spicy, they can also impose periodic penalties up to 5% of the average daily worldwide turnover for each day of delay in complying. That shit can bankrupt you.

In the whole world?

I’m not very creative with names but lmk when you have something public. This minigame was so much fun!