That's 0.0001x their 2022 profit or 0.01%. If I did my math correctly, it's about 58 minutes of profit.
this post was submitted on 20 Jul 2023
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Fuck these corporate oligarchs.
That fine should have to be 25 billion, not million. Then they'd actually learn a lesson.
This isn't a "fine" to Amazon. 25 million dollars is just the cost of business.
Make this 250 or 500 million and then... Maybe.... it's a fine.
Fuck it. Hit them with a couple of billion and THEN companies might stop being shitheads to basic human rights.
Totally agree. Facebook should have been absolutely crippled financially after influencing an election, but they get off scot free.
My idea is this:
Instead of a maximum fine being applied, you take a violation, lets say influencing an election, and you calculate how much of the corporations revenue came from that source. (i.e. Facebook messenger revenue would not count for election manipulation). Then, take a huge portion of that revenue (60%, 70%? [Depending on the violation]) and take that from their revenue. Who gives a shit if Facebook literally has to close down one of their services from lack of finances, thats what they get.
Why not 150%. At a bare minimum every single dollar brought in by illegal action deserves to be taken.
Yeah, something at or above 100% would be good. Even at 100% they're still losing the cost of doing business and getting zero revenue from it which is a poor business decision.