The depressing fact this is already in their calculations really suggests fines should be vary based on a percentage of the company’s profits, not a set number for all.
I believe that is why people made such a fuss about the GDPR allowing courts to slap companies for up to 4% of their worldwide annual revenue. Whether or not that full extent is ever brought to bear against particularly megacorps is a different question, but at least medium-sized companies will probably avoid repeat offenses. I don’t know how Meta felt about the 1.2 billion ticket either, but I can’t imagine they just shrugged it off as normal business expenses.
Because it was minor and clearly an oversight. But I’m sure you could run an entire phone network with 100% uptime. I mean Verizon can only get to 99.95. Just garbage tier.
It was also the second time it happened. It was a mistake, but one that really shouldn’t have happened. And it was minor in terms of how long it was down, but not having access to 911 is potentially a major issue.
People are just sick of companies not being held responsible for repeated incompetence which often comes from cost cutting measures.
Wow, a whole $1 million. They’ll notice that for like seven seconds.
They won’t notice, as fines are already in the cost projections.
The depressing fact this is already in their calculations really suggests fines should be vary based on a percentage of the company’s profits, not a set number for all.
Never profits. Must be revenue.
Companies have ways of looking like they don’t make a profit, especially when it comes to filing taxes.
“Oh, we created a subsidiary in Ireland and, gosh darn, they charged us a gagillion dollars for this pen. We actually have a loss this year.”
Beat
“Stimulus please!”
I believe that is why people made such a fuss about the GDPR allowing courts to slap companies for up to 4% of their worldwide annual revenue. Whether or not that full extent is ever brought to bear against particularly megacorps is a different question, but at least medium-sized companies will probably avoid repeat offenses. I don’t know how Meta felt about the 1.2 billion ticket either, but I can’t imagine they just shrugged it off as normal business expenses.
If you do something illegal, and the result is a fixed fine, it’s only “illegal” for poor people. Rich people dgaf if they have to pay fine/ticket.
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No they won’t, but now they where deemed at fault, let the civil litigation begin. As this is the American way.
The real punishment ought to be an atomic wedgie. For everyone who was a C-level for more than a month at that company in the last 10 years.
This ought to be the punishment for a lot of unethical business practices. You can’t delegate that to a customer’s wallet.
Because it was minor and clearly an oversight. But I’m sure you could run an entire phone network with 100% uptime. I mean Verizon can only get to 99.95. Just garbage tier.
It was also the second time it happened. It was a mistake, but one that really shouldn’t have happened. And it was minor in terms of how long it was down, but not having access to 911 is potentially a major issue.
People are just sick of companies not being held responsible for repeated incompetence which often comes from cost cutting measures.
A million dollars for a localized and rapidly fixed mistake, even being a serious issue, seems appropriate. Everyone here is out for blood.