this post was submitted on 27 Jun 2024
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319
FCC hits Verizon with $1M fine for dropping 911 calls, again • The Register (www.theregister.com)
submitted 4 months ago by [email protected] to c/[email protected]
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[–] [email protected] 11 points 4 months ago (1 children)

Never profits. Must be revenue.

Companies have ways of looking like they don't make a profit, especially when it comes to filing taxes.

"Oh, we created a subsidiary in Ireland and, gosh darn, they charged us a gagillion dollars for this pen. We actually have a loss this year."

Beat

"Stimulus please!"

[–] [email protected] 6 points 4 months ago

I believe that is why people made such a fuss about the GDPR allowing courts to slap companies for up to 4% of their worldwide annual revenue. Whether or not that full extent is ever brought to bear against particularly megacorps is a different question, but at least medium-sized companies will probably avoid repeat offenses. I don't know how Meta felt about the 1.2 billion ticket either, but I can't imagine they just shrugged it off as normal business expenses.