For example, Apple could buy News Corporation (the parent company of HarperColli... | Hacker News

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jl6 on July 18, 2022 | parent | context | favorite | on: Tell HN: Internet Archive is facing a Big 4 Publis...

For example, Apple could buy News Corporation (the parent company of HarperCollins, one of the litigants) with a single quarter’s profits. Not revenue, profit.

News Corporation enterprise value: $11bn

Apple quarterly profit: $25bn

_skel on July 18, 2022 [–]

Yes but why should Apple do that? How would Apple benefit from doing that?

jl6 on July 18, 2022 | [–]

They could use all the books as a loss leader for the Apple ecosystem, similar to how Google Maps spends billions on data that is made available for “free”.

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