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The EU has a big enough market that access outweighs the cost. If Malta tried to fine Uber a percentage of its global revenue they'd pack up shop and leave imme
by jcranberry 4y ago
The EU has a big enough market that access outweighs the cost. If Malta tried to fine Uber a percentage of its global revenue they'd pack up shop and leave immediately. Australia is about one fifteenth the size of Europe in population.
- nikanj 4y agoI think you've just perfectly explained the problem: "If we punish them hard enough that they care, they might leave". You can't do credible enforcement, if your primary goal is ensuring the company continues to grace you with their presence
- jcranberry 4y agoIt's not about a particular company it's about global/international companies in general. Plus imposing a global revenue fine for this kind of issue would be absurd. It only needs to be enough for their bottom line to look better by complying rather than making the change.
- afarrell 4y agoSpecifically, the bottom line of the business unit within the company which earns revenue from the business.
- cletus 4y agoThis is roughly equivalent to saying we should put people in jail for 5 years for speeding because for some people a $50 fine just isn't that much. Punishments need to be proportionate. Executing people for stealing hub caps may well reduce the incidence of that but that doesn't make it OK. Misleading cancellation messaging just isn't that big of a deal. I really wish people would focus on the severity of what happened rather than just saying "it's not enough" just because they seemingly hate Uber. People's personal dislike of a company or person is not a basis for determining a punishment.
- nikanj 4y agoIncidentally, countries like Finland issue fines based on your income - and if you're rich, speeding nets you a cool six-digit fine https://www.boredpanda.com/finland-progressive-speeding-tickets-fines/ https://www.boredpanda.com/finland-progressive-speeding-tick... The US also believes in punitive damages, i.e. "We fine you $1000 for what you did, and then add $1000,000,00 because you don't really care about $1000"