3 ms·
Certain companies can
by ls15 4y ago
Certain companies can
- p0pcult 4y agoWould it wreck the legal framework to institute a concept wherein you can appeal, but if, on appeal, the lower court ruling holds, the punishment/fine is retroactive to the date of the lower court ruling? I.e., make it so that there is no free pass to continuing presumptively illegal activity.
- izzydata 4y agoWouldn't it be that way already? The punishment even for the whole extended period of time is still often nothing to big tech. Punishments need to be tailored to those being punished to cause equal effect.
- p0pcult 4y agoI don't know. That's why i was asking.
- mpweiher 4y agoUnder GDPR, fines can be up to 2% of annual revenue (not profit) for "less severe" infringements. Facebook had $118 billion revenue in 2021, so that would be $2.36 billion. And I think the fines will repeat. For more severe infringements, it's double that, so $4.72 billion. Which would be around half of profits for 2021.
- theptip 4y agoYou’ll be happy to know this is trending in the opposite direction though; GDPR max fine is 4% of global REVENUE (not profit), DMA is 20% IIRC. It takes time but the regulators are evolving teeth.