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submitted 1 week ago by jeffw@lemmy.world to c/world@lemmy.world
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[-] FlyingSquid@lemmy.world 5 points 1 week ago

Meta's global revenue last year was $134 billion. It would have to be a historic fine to even make a dent. I'm not hopeful. This will be another "cost of doing business" situation.

[-] floquant@lemmy.dbzer0.com 5 points 1 week ago

A $13 billion fine does not look like a "cost of doing business" scenario to me.

[-] FlyingSquid@lemmy.world 4 points 1 week 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.

[-] Docus@lemmy.world 1 points 1 week 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.

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this post was submitted on 02 Jul 2024
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