7 ms·
> Whatever fines might come out in the EU around this will be nothing compared to the cost of loosing the customers they notify and the cost of notifying them.
by tomxor 6y ago
> Whatever fines might come out in the EU around this will be nothing compared to the cost of loosing the customers they notify and the cost of notifying them.
There is no mention of GDPR in the article, but in the worst case of not notifying _at all_, the GDPR fine should be $3.5B (4% of their global revenue). Is this quantity insignificant enough for them to ignore? (not rhetorical, i have no idea how much capital they are happy to burn).
> Zuckerberg is probably right in this one.
Right from an economic perspective perhaps, but not an ethical one...
- Isinlor 6y agoEU legal system will not allow a company to trade infringement for a fine. If they had to do something, they will get a fine and they will be forced to do it anyway by the court. If they don't comply with court orders they will be fined separately with an accumulating sum until they do.