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submitted 1 year ago by Kory@lemmy.ml to c/privacy@lemmy.ml
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[-] ultratiem@lemmy.ca 63 points 1 year ago

“Deletion of data and a possible fine.” Oh no, how will the billion dollar company cope with a $2m fine that all goes to the corrupt government officials anyway.

[-] folkrav@lemmy.world 5 points 1 year ago* (last edited 1 year ago)

To be fair, GDPR fines can go up to 2% of worldwide revenue. Meta was hit by a $1.3G fine just this year, which for 2022 fiscal year ($116.6G) accounts for 1.1% of their revenue.

But yeah. Most fines are mostly just the cost of business for those billionaire companies, and the ones that may not be, the army of lawyers they pay a fortune to have on payroll to fight tooth and nail against them, that must logically be cheaper than what those fines really end up costing them, should give a hint.

[-] florge@artemis.camp 1 points 1 year ago
[-] Elektrobank@lemmy.ml 2 points 1 year ago

They'll just cut 10% of workers out and the extra 8% goes to corporate bonuses

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this post was submitted on 15 Sep 2023
252 points (98.5% liked)

Privacy

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