Oh noooo, 1% of their yearly gross revenue or 1.3% of their yearly gross profit. What a fine!
Side note: I would love to discover a public record of them paying these fines… we hear they ate fined, but never that they had to pay them. What is stopping them from cutting a deal of a payment plan over 20 years with 0% interest or full up front but only paying 30% of it or some lobbying BS.
We can infer that for sure this fine is coming out pre-tax.
They do, in the EU. If you fuck up your customer’s data, you’ll face fines consisting of hefty percentages of your yearly revenue!
https://www.enforcementtracker.com/
Yep, hefty. Top 5: 1.2B meta, 746M amazon, 405M meta, 390M meta, 345M tiktok (all in €).
Oh noooo, 1% of their yearly gross revenue or 1.3% of their yearly gross profit. What a fine!
Side note: I would love to discover a public record of them paying these fines… we hear they ate fined, but never that they had to pay them. What is stopping them from cutting a deal of a payment plan over 20 years with 0% interest or full up front but only paying 30% of it or some lobbying BS.
We can infer that for sure this fine is coming out pre-tax.