4 ms·

While this fine doesn't go unnoticed, let's be honest, they wipe their asses with €225m bills every morning. In this case crime pays because they earn SO MUCH m

While this fine doesn't go unnoticed, let's be honest, they wipe their asses with €225m bills every morning. In this case crime pays because they earn SO MUCH more. And it's not clear they will pay that amount, in most cases they drag things in court and do an extrajudicial settlement with a fraction of that years later. It's a nuisance because now some schmuck has to come up with a way to bypass these issues while maintained the same operation.

cbg0 5y ago
This is a very defeatist view of things. The purpose of fines is not to destroy a company, it's to correct its bad behavior - if they keep doing it you can fine them again for even more money.
- melomal 5y ago
  Trouble is that most 'bad' companies (banks/pharma in particular) allocate and write off money for fines as a cost of doing business. These fines won't cripple a company, it will just allow them to test what limits they can push and so on.
  - HPsquared 5y ago
    Kramer: It's a write-off for them. Jerry: How is it a write-off? Kramer: They just write it off. Jerry: Write it off what? Kramer: Jerry, all these big companies, they write off everything. Jerry: You don't even know what a write-off is. Kramer: Do you? Jerry: No, I don't. Kramer: But they do. And they're the ones writing it off.
  - jeltz 5y ago
    They can test the limits but not push on. If thet push on then thet will eventualy get fined into bankrupcy.
bluecalm 5y ago
It's about the size of the whole Facebook, which Whatsapp is only a small part of, daily revenue - revenue, not profit. The fine is humongous and they surely don't wipe their asses with such amounts every morning.
eitland 5y ago
> let's be honest, they wipe their asses with €225m bills every morning. Now that share holders are aware of it that can only go on for so long before they'll have to find cheaper toilet paper. Deliberately misunderstanding here, but I think it adds to the discussion.

cbg0 5y ago

This is a very defeatist view of things. The purpose of fines is not to destroy a company, it's to correct its bad behavior - if they keep doing it you can fine them again for even more money.

melomal 5y ago
Trouble is that most 'bad' companies (banks/pharma in particular) allocate and write off money for fines as a cost of doing business. These fines won't cripple a company, it will just allow them to test what limits they can push and so on.
- HPsquared 5y ago
  Kramer: It's a write-off for them. Jerry: How is it a write-off? Kramer: They just write it off. Jerry: Write it off what? Kramer: Jerry, all these big companies, they write off everything. Jerry: You don't even know what a write-off is. Kramer: Do you? Jerry: No, I don't. Kramer: But they do. And they're the ones writing it off.
- jeltz 5y ago
  They can test the limits but not push on. If thet push on then thet will eventualy get fined into bankrupcy.

bluecalm 5y ago

It's about the size of the whole Facebook, which Whatsapp is only a small part of, daily revenue - revenue, not profit. The fine is humongous and they surely don't wipe their asses with such amounts every morning.

eitland 5y ago

> let's be honest, they wipe their asses with €225m bills every morning. Now that share holders are aware of it that can only go on for so long before they'll have to find cheaper toilet paper. Deliberately misunderstanding here, but I think it adds to the discussion.