Slap on the wrist incoming.
Why aren’t penalties the percentage of the company’s worth? It would be a catch 22 for the companies - do you inflate your worth to get more investors or do you deflate your worth to pay less penalties.
Also worth noting: Cambridge Analytica did not disappear, as the author repeatedly implies. CA merely slipped the surly bonds of jurisprudence declaring insolvency, then resurfaced wearing the name Emerdata, and nothing was solved.
Meta pulls out their wallet, and gives a little charity to the poors.
Fine em 100 trillion. It would solve a lot of your problems, and they could probably still survive but would be quite contrite going forward.
Owe billions, not to the people they stole the data from. Just another day in corporate America.
I look forward to my $3 payout 15 years from now.
Imagine if you and your little group of friends commited even 100 violations of some people’s privacy. Just a little peeping tom group selling people’s personal information and data… You’d all be locked up for years or at least paying out the ass to near financial ruin…
But be a corpo with thousands of “friends” committing millions of violations… and suddenly, no one can be held accountable anymore. No one is actually personally, criminally, at risk. So, as long as they make enough to tank whatever paltry fines… there’s no risk, they can just keep doing it.
Same with if you owe a couple of thousand vs a couple of billion.
It makes sense when you realize that Corporations are first class citizens
Billions is OpEx. It needs to be a percentage of their operating revenue (not profit). It should hurt, and be commercially crippling.
Personal liability. The idea that these are just some amorphous entities, independent of the people executing on “the company’s” behalf… it’s the greatest farce society has gone along with to date.
WAS the greatest farce Now we have LLM’s taking that spot, ironically to do the exact same thing
These days it’s probably a tax write off.
They could owe billions… but courts will settle for a promise to do better
Susan Collins: I think they’ve learned their lesson.
judge will give them a little slap on the wrist, and then get a cushy consultant job. Or run for office funded by some mysterious dark money superpac.
ah, the beauty of American “democracy*”
~democracy is a trade mark of “Billionaires for America”, any similarity with the meaning of the word is purely coincidental. By reading this disclaimer you agree to hand over all data collected about you, free from limitations or compensation, in perpetuity~
“could”
“owe”
Billions isn’t enough anymore. It’ll still get knocked down to millions. Probably single digit.
Is that violations per user?
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