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Reddit violates CCPA
(youtu.be)
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this post was submitted on 26 Jun 2023
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Sadly probably not. The GDPR fine can be "up to €20 million, or up to 4% of the annual worldwide turnover of the preceding financial year, whichever is greater" which would be around 26 million based on their 2022 revenue. The company has gathered over $1.3 billion in funding and was "valued" at around $10 billion quite recently.
And that's only around what a year of API calls would have cost for Apollo so clearly by discontinuing the API they are going to save that amount back in no time!
Yes, but a fine does not exempt you from compliance. If they are unable or unwilling to comply, the EU can ban them.
And I'm not talking cutting off EU user access, it's cutting off money dealing with EU customers, adverisers, etc.