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The EU has recognized that a 200 million fine won't hurt facebook. Instead it says "fines up to X€ or Y% of global turnover, whichever is higher." I also stron
by zaarn 9y ago
The EU has recognized that a 200 million fine won't hurt facebook. Instead it says "fines up to X€ or Y% of global turnover, whichever is higher."
I also strongly suspect that in cases like FB or Google, the judges will happily go for the 4% mark if possible.
- TheSpiceIsLife 9y agoOk, great thanks for clearing that up. Yes, this is a good thing, in opinion. There was a case where a Finnish man was fine 54,000 Euro for speeding, where the fine is calculated based on income[1]. I think this seems like a reasonable way of metering our penalties. It seems reasonable to me companies should be treated in a similar manner. 1. http://www.bbc.com/news/blogs-news-from-elsewhere-31709454 http://www.bbc.com/news/blogs-news-from-elsewhere-31709454
- zaarn 9y agoAtleast for regulations like these, yeah. Big corps like facebook don't care if they get hit with 200 M€. 4% of Facebook's global turnover however... I'm sure the EU will find some way to spend 2 billion € for something useful. (13% of their net income btw)