4 ms·
Agreed. This small of a fine comes off as a cost of doing business for a company as large as Facebook.
by Dangeranger 7y ago
Agreed. This small of a fine comes off as a cost of doing business for a company as large as Facebook.
- cronix 7y agoThis is why we need GDPR in the US. Make the fine like 5% of global annual profit (not sales). Something that will hurt and make them actually think it's not worth it and actively avoid it rather than just the cost of doing business and a snicker as they walk away.
- EquallyJust 7y ago5% of FB revenue (55B) is $2.75B which is less than the proposed FTC fine of 5B. Making it be 5% of profit and not revenue would make it hurt even less.
- goodfight 7y agoNo thanks, I don't want to bow down to the censorship of the EU
- deleted 7y ago[deleted]
- president 7y agoLaws don't seem to matter in this day and age as they can be gamed by money and/or legal tricks. Only way to fix the issue is to get rid of corrupt and unethical government and business leaders. Implementing something like GDPR would only be adding to the arsenal of bad actors.
- JohnJamesRambo 7y agoThis isn't the future I wanted.
- Loughla 7y agoI'm like 99% sure this has always been the "ideal" business model. Only take a chance if you can afford it. Something, something cost-benefit analysis. There was a stink about a car manufacturer and seat belts (I think) a few years back. They decided the cost of a few settlements for dead people was less than the cost of fixing the problem. This is now, has been, and (unless we eat the rich) always will be the way it is.