Six mill lol what a joke
Yeah fines for corporations should really be a percentage of yearly revenue, ideally no less than 10%. The current system is ridiculously outdated and has no impact whatsoever.
Fines as a percentage of income is a good idea for individuals but I dont think it works for coorperations.
A more reasonable approach is:
This third point is the important one. Cooperations comit crimes because they are reasonable monetary investments. If the expected fines are always higher than the expected earnings, crimes become a bad investment.
Revoke their corporate charter permanently. The survivors will take notice and bend the knee.
I mean 6 million is probably more than they made in the Norwegian market
In a globally spanning company, it doesn't make sense to separate it in to different markets like that when it comes to fines for breaking the law IMO. If the same practice that caused this to happen in Norway is profitable elsewhere, nothing is going to change and the Norwegian "mishap" is just cost of doing business.
But what might be illegal in Norway isn't necessarily illegal or finable in other countries
I'm not sure how they Norwegian courts landed on this number though.
No it may not be, but it's one company and I believe they should be fines based on their global revenue, just like the EU fines alphabet, meta and apple. If a fine doesn't hurt in their global financial picture, they don't give a shit.
Grindr had an Operating Income of $55 Million kn 2023
So the fine is over 10%. Still hurts id say
But like I said, I believe global revenue is a better measure for global corporations when it comes to how large fines should be. They have to be large enough to make these companies proactive and not just reactive. 10% of their global revenue is almost 50% of their income, now that is going to make a difference.
Fine is in Norway.
Norway is fine.
That picture in the headline looks like its old enough to be in high school.
Is that thing running fucking jellybean?
Also holy shit jellybean is as long ago now as the win 9x/Mac is 9 days where then. I'm not supposed to feel old by my mid 20s.
Though I think that feeling is a consequence of being born into a world that moves faster than it ever has, and gains speed by an order of magnitude every decade or so. Moore's law and all that.
Pretty sure it's a Nexus 4 from 2012, and that shipped with Jellybean so it's highly likely.
I'm shocked.
Grindr faces massive fine for "allegedly" "sharing" "sensitive" "user" "data".
There are better hookup apps yall. I know, cause im on all of them.
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