The depressing fact this is already in their calculations really suggests fines should be vary based on a percentage of the company’s profits, not a set number for all.
I believe that is why people made such a fuss about the GDPR allowing courts to slap companies for up to 4% of their worldwide annual revenue. Whether or not that full extent is ever brought to bear against particularly megacorps is a different question, but at least medium-sized companies will probably avoid repeat offenses. I don’t know how Meta felt about the 1.2 billion ticket either, but I can’t imagine they just shrugged it off as normal business expenses.
Because it was minor and clearly an oversight. But I’m sure you could run an entire phone network with 100% uptime. I mean Verizon can only get to 99.95. Just garbage tier.
It was also the second time it happened. It was a mistake, but one that really shouldn’t have happened. And it was minor in terms of how long it was down, but not having access to 911 is potentially a major issue.
People are just sick of companies not being held responsible for repeated incompetence which often comes from cost cutting measures.
Wow, a whole $1 million. They’ll notice that for like seven seconds.
The real punishment ought to be an atomic wedgie. For everyone who was a C-level for more than a month at that company in the last 10 years.
This ought to be the punishment for a lot of unethical business practices. You can’t delegate that to a customer’s wallet.
They won’t notice, as fines are already in the cost projections.
The depressing fact this is already in their calculations really suggests fines should be vary based on a percentage of the company’s profits, not a set number for all.
If you do something illegal, and the result is a fixed fine, it’s only “illegal” for poor people. Rich people dgaf if they have to pay fine/ticket.
Or it shouldn’t be a fine, but criminal prosecution for the executives responsible.
Never profits. Must be revenue.
Companies have ways of looking like they don’t make a profit, especially when it comes to filing taxes.
“Oh, we created a subsidiary in Ireland and, gosh darn, they charged us a gagillion dollars for this pen. We actually have a loss this year.”
Beat
“Stimulus please!”
I believe that is why people made such a fuss about the GDPR allowing courts to slap companies for up to 4% of their worldwide annual revenue. Whether or not that full extent is ever brought to bear against particularly megacorps is a different question, but at least medium-sized companies will probably avoid repeat offenses. I don’t know how Meta felt about the 1.2 billion ticket either, but I can’t imagine they just shrugged it off as normal business expenses.
Because it was minor and clearly an oversight. But I’m sure you could run an entire phone network with 100% uptime. I mean Verizon can only get to 99.95. Just garbage tier.
It was also the second time it happened. It was a mistake, but one that really shouldn’t have happened. And it was minor in terms of how long it was down, but not having access to 911 is potentially a major issue.
People are just sick of companies not being held responsible for repeated incompetence which often comes from cost cutting measures.
A million dollars for a localized and rapidly fixed mistake, even being a serious issue, seems appropriate. Everyone here is out for blood.