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Is it just me, or are American settlements against tech companies always laughably small compared to Europe and elsewhere?
by barelysapient 5y ago
Is it just me, or are American settlements against tech companies always laughably small compared to Europe and elsewhere?
- aaomidi 5y agohttps://news.ycombinator.com/item?id=28755257 https://news.ycombinator.com/item?id=28755257 People generally think these companies get punished too much in other threads.
- barelysapient 5y agoJury awards are clearly their own wild wild west that deserves a thread. I'm wondering specifically about settlements with a government enforcement agency.
- lnxg33k1 5y agoI think that there's a conflict of interests somewhere, consider that according to the data 50% of US population owns stock, 80% of the high income population, consider that US retirement funds like 401k are directly dependent on how Inc. perform, I am not sure this is not a bullshit, but I think US in general doesn't like fines to companies and I think one reason might be this direct interest of the population in the corporations revenues Edit, source: https://news.gallup.com/poll/266807/percentage-americans-owns-stock.aspx https://news.gallup.com/poll/266807/percentage-americans-own...
- edmundsauto 5y agoOne counter-point, FB settled with the US FTC for $5B. I think that's larger than any EU fine I know of. (It might generally be true, but it is provably not always true.)