this post was submitted on 11 Jul 2024
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148
Grindr faces massive fine for allegedly sharing “sensitive” user data (www.lgbtqnation.com)
submitted 4 months ago by [email protected] to c/[email protected]
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[–] [email protected] 3 points 4 months ago* (last edited 4 months ago) (1 children)

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.

[–] [email protected] 1 points 4 months ago (1 children)

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.

[–] [email protected] 1 points 4 months ago (1 children)

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.

[–] [email protected] 2 points 4 months ago* (last edited 4 months ago) (1 children)

Grindr had an Operating Income of $55 Million kn 2023

So the fine is over 10%. Still hurts id say

https://investors.grindr.com/news/news-details/2024/Grindr-Inc.-Reports-Fiscal-Year-2023-Revenue-Growth-of-33/default.aspx?ref=platformer.news

[–] [email protected] 2 points 4 months ago* (last edited 4 months ago)

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.