4 ms·

perhaps. but guess who gets to pay that fine? it sure will not be phone companies. it will be in your next bill.

dotnet00 2y ago
That excuse can be used for all violations of regulations, and thus quickly becomes somewhat unreasonable. Particularly since the question being asked is the theoretical of if the prices would not increase by the same percent if the fine was not levied (eg "due to inflation").
- sumtechguy 2y ago
  I get that you do not like that they will do it but do it they will. All costs are born by the customer. To do otherwise is a one way ticket to lower stock prices and less C-suite compensation. If they are not then your business will eventually go out of business. Here is how they will do it too. Them: 'have you seen our NEW plan? It is amazing. It is only 5 dollars, the cost of a cup of coffee, more a month and all the amazing new things you get access to.' Me: looks at their plan. Me: 'Seems about the same as my previous one.' Them: 'But this NEW one is amazing. Our glossy advert campaign says so.' They will not say they are raising prices because of it. They will sell you on how their new plan is 'better' and make your bear the cost (plus a little more for them). I sat in a meeting where one company was selling unlimited plans. The company I was working for were still selling 1MB per month at 40 bucks a megabyte. They said their customers would pay it and more because of who they were. They are tone deaf and blind to it. The second the advert campaigns changed the tone of the meetings changed. In that case they had to change their pricing because of external pressures. However in this case all the carriers are being zinged. They will all raise prices. Because for sure they are not going to cover it. You know it to be true. But do not like it which is fair. I do not like it much either.
beefok 2y ago
Hey, that's okay! At least our taxes pay money towards investigating and building these toothless fines! I don't have a problem with the taxes, just that it doesn't do anything.
lIl-IIIl 2y ago
They can't increase the prices without customers going to competitors. So it's still an incentive against paying fines.
- cogman10 2y ago
  These 4 companies are the market. Everyone else (Google Fi, Mint mobile, Boost) are all effectively reselling the product through a carrier agreement. So, not really any competitors to go to when the entire industry colludes to violate privacy.
NickC25 2y ago
Make the C-Suite and Board personally responsible, and make sure the fine is LARGE. $47 million for Verizon is nothing. They profited nearly $80 Billion last year. They spent roughly the same amount for the naming rights to an NBA team's practice facility back in 2020. They paid Beyonce $30 million for a 30 second Super Bowl commercial. You have to fine the drivers of the corporation's unethical behavior, not the corporation itself, or else there will be no fundamental change or reason for corporations at large to not act with complete disregard for the law. The shady shit would stop in a heartbeat if some 25-30 people at the top had to collectively come up with a billion+ in cash in a week. No bonds, debt, IOU's from the corporation itself, stocks, mortgages, nothing - straight up cash.

That excuse can be used for all violations of regulations, and thus quickly becomes somewhat unreasonable. Particularly since the question being asked is the theoretical of if the prices would not increase by the same percent if the fine was not levied (eg "due to inflation").

sumtechguy 2y ago
I get that you do not like that they will do it but do it they will. All costs are born by the customer. To do otherwise is a one way ticket to lower stock prices and less C-suite compensation. If they are not then your business will eventually go out of business. Here is how they will do it too. Them: 'have you seen our NEW plan? It is amazing. It is only 5 dollars, the cost of a cup of coffee, more a month and all the amazing new things you get access to.' Me: looks at their plan. Me: 'Seems about the same as my previous one.' Them: 'But this NEW one is amazing. Our glossy advert campaign says so.' They will not say they are raising prices because of it. They will sell you on how their new plan is 'better' and make your bear the cost (plus a little more for them). I sat in a meeting where one company was selling unlimited plans. The company I was working for were still selling 1MB per month at 40 bucks a megabyte. They said their customers would pay it and more because of who they were. They are tone deaf and blind to it. The second the advert campaigns changed the tone of the meetings changed. In that case they had to change their pricing because of external pressures. However in this case all the carriers are being zinged. They will all raise prices. Because for sure they are not going to cover it. You know it to be true. But do not like it which is fair. I do not like it much either.

beefok 2y ago

Hey, that's okay! At least our taxes pay money towards investigating and building these toothless fines! I don't have a problem with the taxes, just that it doesn't do anything.

lIl-IIIl 2y ago

They can't increase the prices without customers going to competitors. So it's still an incentive against paying fines.

cogman10 2y ago
These 4 companies are the market. Everyone else (Google Fi, Mint mobile, Boost) are all effectively reselling the product through a carrier agreement. So, not really any competitors to go to when the entire industry colludes to violate privacy.

NickC25 2y ago

Make the C-Suite and Board personally responsible, and make sure the fine is LARGE. $47 million for Verizon is nothing. They profited nearly $80 Billion last year. They spent roughly the same amount for the naming rights to an NBA team's practice facility back in 2020. They paid Beyonce $30 million for a 30 second Super Bowl commercial. You have to fine the drivers of the corporation's unethical behavior, not the corporation itself, or else there will be no fundamental change or reason for corporations at large to not act with complete disregard for the law. The shady shit would stop in a heartbeat if some 25-30 people at the top had to collectively come up with a billion+ in cash in a week. No bonds, debt, IOU's from the corporation itself, stocks, mortgages, nothing - straight up cash.