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0 pointsNextgrid4y ago0 comments

I knew this link was going to come up so I've addressed it here: https://news.ycombinator.com/item?id=30141276

The 60M Facebook fine is a welcome development but my point still stands - how much did Facebook profit from breaching the regulation for the 4 years since it's been in effect? That fine should've had a few extra zeros at the end to actually serve its role, otherwise it's just a very small cost of doing business.

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colejohnson664y ago

My understanding is that GDPR allows for increasing fines up to 4% of the revenue. But regulators don’t like going for maximum fines because there’s a higher chance the company fights back.

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colejohnson664y ago

My understanding is that GDPR allows for increasing fines up to 4% of the revenue. But regulators don’t like going for maximum fines because there’s a higher chance the company fights back.

j / k navigate · click thread line to collapse