319
FCC hits Verizon with $1M fine for dropping 911 calls, again • The Register
(www.theregister.com)
this post was submitted on 27 Jun 2024
319 points (99.1% liked)
Technology
59622 readers
2980 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
They won't notice, as fines are already in the cost projections.
The depressing fact this is already in their calculations really suggests fines should be vary based on a percentage of the company’s profits, not a set number for all.
If you do something illegal, and the result is a fixed fine, it's only "illegal" for poor people. Rich people dgaf if they have to pay fine/ticket.
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!"
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.
Or it shouldn't be a fine, but criminal prosecution for the executives responsible.
And have been passed on to the consumer in doing so.