5 ms·

It's a percent from revenue not from profit. So 5% from google revenue is a lot

• mnm1 9y ago
  That's even better. The more the better.
  • deleted 9y ago
    [deleted]
• trashtester 9y ago
  It is. On the other hand, companies like Google/Facebook/MS/Apple have such huge profit margins that a conviction will be but a speed bump, and given that their business model is based on the data regulated by GDPR to such a great extent, one may expect them to challenge the new regulations as much as they can. They also (probably) have the most competent legal divisions, which will help them exploit any gray areas. For companies with lower profit margins or companies that are hit by the lower limit of $20M euro, the threat is much greater. Small companies may go immediately bancrupt from a $20M euro fine, while companies with slimmer margins may be taken from black to red results by a 4% fine. From my pesonal experience, many such companies do not fully grasp to what extent these regulations will affect their business models if actually enforced.
  • jpetso 9y ago
    Yeah, but 4%/20m is only the third strike. If as a small company you're unwilling or unable to fix those issues in a reasonable time frame after the first two strikes, you might not deserve to survive as a business in the first place.