365 points

All fines should be percentage of income instead of some arbitrary number.

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149 points

They also need to remove the limited liability from companies for intentional illegal activities.

illegal business practices should be charged to the people involved instead of the company. The executives who made the decision to break the law lose personal assets.

Otherwise the shitheads just pass the company losses onto the employees: no raises, hiring freezes, layoffs, reduction in benefits, etc…

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78 points

Intentional? Better use Negligent. It’s hard to prove intent; knowledge of something going on is much easier to prove.

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26 points

100%. We need more personal liability for the evils of big business, not less

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12 points

Why would the regime ever hurt itself tho?

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10 points

And collected from shareholder payouts.

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-2 points

Shoulda coulda woulda.

My aunt recently gave me a good advice, and a person in one chat with, I suspect, very interesting expertise gave the same advice in different form.

Emotions harm reason, and propaganda is not just directed at suppressing or increasing the emotion. It’s directed at making you emotional when you should be patient, and apathetic when you should be emotional, and act when you should wait, and wait when you should act.

It can easily work since everyone feels their fight of their day to be unique. But it’s not, and more than that - you can always look a few years back and remember that not only was it predicted, but you yourself predicted it.

By all this smartassery I meant - people making the laws don’t want them to work as we do, and they have sterilized the field. Think further.

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2 points

Point being…?

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-1 points
*

The last sentence. You can say all you want in social media to blow off steam, but you’ll only make things right in the real world with real power applied. And posting it here you’ve removed yourself from there.

Social media are not designed to be usable for organizing and combining those crumbs of power we all possess. They are actually designed for the opposite goal - to let everyone receive the dopamin hit from saying what should be done and forgetting it, from dispersing their power as thinly as possible. Look at your (EDIT: the guy I was replying to, didn’t realize you’re different people) 300+ likes, all worthless.

A self-regulating propaganda device, better than cheap and good brothels everywhere, or cheap alcohol and cheap and legal maryjane. Also alcohol and maryjane reduce one’s labor value, while brothels can have an effect opposite to the desirable (there’s need for validation in the society, thus in hierarchy, which gets reduced by being sexually content). Social media are better in both regards.

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208 points

Meta’s revenue is in the tens of billions. This fine isn’t even a rounding error for them. This isn’t something that should be taken so lightly.

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54 points

Have you seen IT budgets? Some vice-president of technology is going to be pissed his numbers look bad compared to his peers during their weekly numbers measuring contest.

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23 points

Its about $2.6 billion per week in revenue, even by the weekly numbers its not an impact

(based on ~$135b in revenue for 2023, according to financial disclosure reports)

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2 points

😱

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22 points

Yeah that was just a cost of business. Zuck probably pulled that from under his couch.

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114 points

Quick math: this is only 0.076% of their 2023’s revenue. No wonder big corporations don’t give a fuck about fines and will continue doing fucked up/illegal shit. This is not a fine, this is a green light, my friends.

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30 points

They literally just consider fines as a cost of doing business.

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103 points

This is like when Dr Evil asks for $1 million dollars after being unfrozen. These courts need to get with the times.

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62 points
*

Should be like GDPR fines: 4% of your annual global revenue.

Edit: just read “It has so far fined Meta a total of 2.5 billion euros for breaches under the bloc’s General Data Protection Regulation’s (GDPR), introduced in 2018, including a record 1.2 billion euro fine in 2023 that Meta is appealing”

Wow, Meta really likes donating to the EU

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6 points
*
Removed by mod
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-71 points

102 million is a major fine.

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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).

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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.

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7 points

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

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Not for a company with 120 Billion profits.

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21 points

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

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11 points

This is less than a rounding error.

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84 points

They still store the passwords like that? I remember that quote of Zuckerberg doing so, in the early days, and boasting about it to a friend… This was so outrageous at the time. Now it’s beyond absurdity… Not to mention the fine is so small!

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32 points

Not to excuse them, but this is from 2019. Yes, that behavior was so outrageous at the time, but hopefully it is no longer happening

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39 points

I remember my bank used to ask me for the 2nd, 5th and 7th letters of my password from time to time.

There’s only one realistic way they can know those to ask me.

They haven’t asked me that for a while now, so I can only hope they encrypted them properly at some point.

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13 points

And you can imagine someone thinking it’s super clever and secure.

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9 points

I once called my bank because I had trouble logging in. They didn’t outright say it but they implied that they could see my password and asked if I wanted to update it by telling them the new one. I said no.

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9 points
Deleted by creator
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23 points
*

Also, nobody reads the actual posts, just the headlines. They were accidentally stored in logs:

As part of a security review in 2019, we found that a subset of FB users’ passwords were temporarily logged in a readable format within our internal data systems,

which is something I’ve seen at other companies too. For example, if you have error logging that logs the entire HTTP request when an error happens, but forget to filter out sensitive fields.

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4 points

I worked at a company that handled sensitive data and we always had to pay special attention to logs in code reviews to make sure someone wasn’t inadvertently logging something that could potentially be private.

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9 points

2019 isn’t some ancient far away time though, it’s just a few years ago. If Facebook were doing stuff like this then, think who else is still doing it.

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5 points

I’m sure we can just trust that it’s better now. The small dent fee that falls under the category of "write-off’ on Meta’s budget probably really straightened up their behavior…

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4 points

Probably is

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-2 points

I imagine the implementation would cost them more than the fine…

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