You are viewing a single thread.
View all comments View context
-71 points

102 million is a major fine.

permalink
report
parent
reply
11 points

This is less than a rounding error.

permalink
report
parent
reply
21 points

It is absolutely not, but I understand it’s easy to lose sense of scale when you go into billions territory.

permalink
report
parent
reply
69 points
*

102 million is a major fine for you. For meta that’s less than 1% of their last quarter (which was 13 billion net income).

permalink
report
parent
reply
35 points
*

If you make $50k/yr after taxes, the equivalent fine would be on the order of about $120.

Where I’m from, that’s a speeding ticket.

permalink
report
parent
reply
2 points

That’s not an entirely accurate representation, because after taxes you still use that money for housing and food and transportation etc. In business terms that 50k would still contain operating costs. So that $120 might still seem a lot.

That 50k a year should be extra money, the money left in your pocket after taxes, housing, groceries, other necessities and debts are paid off. That would give an accurate representation of how insignificant a $120 ticket would be.

permalink
report
parent
reply
2 points

It’s the points on the licence that really matters for speeding though in my country. When they accumulate enough points they get banned from driving for a period like a year or maybe more.

I hope this applies to meta. I’m pretty sure it doesn’t though.

permalink
report
parent
reply
2 points

And thats is all this is, it isnt for war profiteering it is for poor practices, sure it could be more but people really lose sight of things when it comes to fining these companies.

The fines for targetting children with damaging content or promoting harmful posts should be way more than this and than they are but this isnt an action they directly profitted from it was a lazy and harmful missing of the required mark.

Im not this invested in defending meta but 102 million is a lot for one country to fine one company. Ireland fined the company nearly 1% of their global net for one issue.

permalink
report
parent
reply
3 points

Wow you have very forgiving traffic laws where you’re from. $190 for rolling through a stop sign here.

permalink
report
parent
reply
7 points

To put it into perspective, the fine was 0.8% of that net income.

permalink
report
parent
reply

Not for a company with 120 Billion profits.

permalink
report
parent
reply

Technology

!technology@lemmy.world

Create post

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


Community stats

  • 17K

    Monthly active users

  • 12K

    Posts

  • 544K

    Comments