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That's a substantial fee for a human making $100k per year (plus taxes), but I don't think we should be comparing what's a reasonable fine for a person vs a bus
by threatofrain 5y ago
That's a substantial fee for a human making $100k per year (plus taxes), but I don't think we should be comparing what's a reasonable fine for a person vs a business.
- parineum 5y agoWhy?
- threatofrain 5y agoTaking 3.3% of someone's income is substantial, whereas for a business, this is a cha-ching deal for potentially getting a business edge by not focusing on privacy rules when momentum mattered. Most businesses are structured such that failing isn't disastrous (creditors cannot chase after the owners), whereas a human experiencing financial failure is an extreme life setback.
- grp000 5y agoNot to mention the compounding effects of getting that business advantage earlier than others in the same space. If you can lie and say you have e2e encryption to scoop up market share before anyone else, even if the bare-faced lie gets revealed like it did here, not all of the clients who signed up are going to leave you, and you already have market inertia as a big player that will help you keep growing.
- parineum 5y agoThose are all advantages an individual can achieve by breaking the rules as well.
- effingwewt 5y agoNo when people break rules it's called breaking the law and we get life-altering fines and jail time. Corporations lose one day of revenue and continue with business as usual.
- quadrifoliate 5y agoI understand that a person and a business are different, but it's worth contrasting if numbers are roughly in the same ballpark, right? A lot of businesses do start out as just one person. In a year with like 300% revenue growth, I feel like Zoom can probably just treat this fine as cost of doing business. I mean, I pay a lot more than $3k in taxes per year!
- ttty2 5y agoI think we need ask the question: is this fee enough to prevent bad behavior? I think not, then just be higher.