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This article makes a good point comparing the relatively small magnitude of fines paid to revenue earned. It follows that perhaps fines are not deterring. Perh
by djoldman 3y ago
This article makes a good point comparing the relatively small magnitude of fines paid to revenue earned. It follows that perhaps fines are not deterring.
Perhaps a stronger deterrent would be injunction-based: companies found to be in violation of regulations and laws might be enjoined completely from operating in a commercial space. "One strike and you're out."
- bilekas 3y agoIsn't this one reason they use umbrella companies anyway ? IE: Meta Alphabet etc > and laws might be enjoined completely from operating in a commercial space. "One strike and you're out." They can just move the 'assets' of that bad actor to another one and continue as normal ?
- vmfunction 3y agoFine for big corp are just cost of doing business. All the big corp have some money stashed away for that purpose. It is all about working out with the AG on what the fine will be.
- SamuelAdams 3y agoRevenue and profit are not the same though.
- piva00 3y agoProfit margin for Big Tech is absurdly big compared to most other industries though, it makes much less of a difference than for grocers or other industries with razor-thin margins.