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Ebay Could Owe $1.9 Billion in Fines for Allowing Sale of 343,000 Emissions Defeat Devices (www.thedrive.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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Ebay Could Owe $1.9 Billion in Fines for Allowing Sale of 343,000 Emissions Defeat Devices::The Department of Justice alleges that eBay illegally sold 343,011 emissions defeat devices, and could face billions in penalties.

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[-] plz1@lemmy.world 48 points 1 year ago

Looking forward to the $3M fine they settle on. That'll teach eBay, surely.

[-] possiblylinux127@lemmy.zip 6 points 1 year ago

EBay isn't that big. A 3 million dollar fine would sting

[-] plz1@lemmy.world 32 points 1 year ago

They did nearly $10B in revenue last year…

[-] code@lemmy.world 7 points 1 year ago

Yeah, and a net loss of a bit over $1B. Revenue ≠ money in the bank.

[-] QuaternionsRock@lemmy.world 9 points 1 year ago

But a $3M loss is going to sting when they’re already losing over 333 times that per year?

[-] possiblylinux127@lemmy.zip 2 points 1 year ago

Yes it will. Also the PR negativity from this caused there stock to drop %1.6 according to Reuters.

I am not a fan of these silly laws but the enforcement will be effective

this post was submitted on 11 Oct 2023

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