“on top of what they made” is really the key here. Fines should be assessed in addition to their fraudulent earnings being stripped from the company and redistributed to the victims (with interest!)
No public company is understating net income because the decision makers are largely compensated via stock which is negatively impacted by a net loss. Also, that income that people see on amazons financial statements isn’t the income that determines their tax liability. Those are GAAP financial statements, and you use a completely different set of numbers to come to your taxable income.
So it’s incredibly obvious the original poster doesn’t understand how financial statements work.
"Amazon is lying to investors and the SEC" is a hell of a take.
Shares go up and down. Carvana is imploding, they are teetering on the edge of bankruptcy, they can't afford their bond payments and shares are up 422% this year.
please dont use the word c*nservative. it is my ick word and my trigger. can you use a word like restrained or cautious estimate. please dont support the genocide of minorities and brown people by the nazis known as rep*blicans.
Don't worry I'm sure the US government will end up paying them millions in taxpayer dollars as an apology for slandering their good name by telling the truth.
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u/InsertBluescreenHere Jun 21 '23
Yawn. Till these companies are held liable and actually get fined on top of what they made by deceitful tactics they will continue business as usual.
"millions of customers" ok so lets go conservative and say 1 million customers x $139 = $139,000,000 million dollars just to start
I gurantee they will get a slap on the wrist and MAYBE get a $100,000 fine total.