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submitted 4 months ago by jeffw@lemmy.world to c/world@lemmy.world
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[-] FlyingSquid@lemmy.world 4 points 4 months ago

They haven't gotten that fine yet and $13 billion out of $134 billion is absolutely a "cost of doing business" fine. If they still make massive profits at the end of the year, they haven't been hurt.

Corporations have to be punished and they rarely are.

[-] rikudou@lemmings.world 5 points 4 months ago

No, a million is cost of doing business. Once you get into single digit percentage fines, you're hurting them. Or do you expect shareholders to say, "ah, that's fine, that's just the EU, we're gonna hold Meta stock because we like them"?

Another thing to consider is that it's also about how many of those fines can the company absorb. Fine them a million? They can take a thousand of those before it even starts making a dent. But how many of the 1% fines can they take? 5? 10? 20?

[-] elfin8er@lemmy.world 0 points 4 months ago

Why not make the fine 100%?

[-] Docus@lemmy.world 1 points 4 months ago

I agree, they haven’t got that fine, never mind actually paid it. But it would be about a third of their profits, not exactly negligible, and it could double for repeated offences.

this post was submitted on 02 Jul 2024
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