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The only decent fine was the Amazon one and even that one was minuscule compared to their net income. It was also covered in secrecy and will likely be overturn
by techpression 5y ago
The only decent fine was the Amazon one and even that one was minuscule compared to their net income. It was also covered in secrecy and will likely be overturned and drastically lowered like the other big cases like British airways and Marriott.
This for a law that took four years to finalize, to me it sums up to a very mediocre outcome, at best.
You are right that it’s being enforced, there’s just not very much force in the enforcing.
- s_dev 5y agoWhats app was fined 250 Million. It might be a small % of their revenue but it's a significant cut of their profits for that year.
- C19is20 5y agoWhere do(es) the [income from the] fine(s) go?
- Nextgrid 5y agoIs WhatsApp still a separate company? The real reason WhatsApp exists is to provide Facebook a backdoor into people's contacts so they can infer their social graph. Whatever "revenue" WA earns is peanuts, the real value is the collected data.
- techpression 5y agoIf you only look at it as pure loss, which would be wrong, WhatsApp (Facebook) most likely made a lot more money (and will continue to so) with the data, than they were fined.