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| ▲ | 3 hours ago | parent | next [-] | | [deleted] | |
| ▲ | Zanfa 3 hours ago | parent | prev | next [-] | | I'd say the numbers listed here prove the GPs point of poor enforcement. The largest fine is roughly 0.97% of Meta's 2023 revenue, the equivalent of a $600 fine for somebody making 60k / year. It's a tiny-tiny cost of doing business at best, definitely not a deterrent, given Meta's blatant disregard for GDPR since then. | | |
| ▲ | Mordisquitos 2 hours ago | parent | next [-] | | > the equivalent of a $600 fine for somebody making 60k / year I don't know about you, but on that income I would certainly not brush off such a fine as a "cost of doing business". Would it cause me financial trouble, or would it force me to sacrifice other expenses? Absolutely not. But would I feel frustrated at having to pay it, feel stupid for my mistake, and do my best to avoid it in the future? Absolutely yes. | | |
| ▲ | Zanfa an hour ago | parent | next [-] | | My bad, a better analogy would be a dealer making 60k / year selling drugs, gets caught by police and is fined $600. I wouldn’t expect them to change much. | | | |
| ▲ | SkiFire13 an hour ago | parent | prev [-] | | Would you still do your best to avoid it if that involved taking a pay cut of more than $600/year? |
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| ▲ | StopDisinfo910 3 hours ago | parent | prev [-] | | 1% of Meta's global revenue is a tiny-tiny cost of doing business? At that point, I think I can stop even trying to argue here. It's a massive fine any way you put it. Especially when you consider the ceiling hasn't been reached and non compliance is more and more costly by design. | | |
| ▲ | KoolKat23 2 hours ago | parent | next [-] | | Their net profit was $60billion in 2024. This is peanuts. It can fluctuate by multiples of this fine in a month, depending on whether or not they've had a bad or good month, nevermind year. This pretty much is just a cost of doing business. | |
| ▲ | Zanfa 2 hours ago | parent | prev [-] | | It's not even 1% of their annual revenue, let alone the entire multi year period they've been in breach before and since. It's nothing to them. | | |
| ▲ | StopDisinfo910 11 minutes ago | parent [-] | | The interesting part is that it keeps going up. You seem to believe we have somehow reached a cap where Meta can just expense it as a cost of doing business. That's not how European law works. The fine maximum is far higher and repeated non compliance keeps making the fines higher and higher. It's a ladder not a sizing precedent. |
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| ▲ | throawayonthe 3 hours ago | parent | prev [-] | | pretty pathetic, but people keep insisting you can regulate capital |
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