bilekas
5 hours ago
Verizon disputed this not because the fine was in ANY way impactful, but because they wanted to push to see if they could legally do it without any repercussions. In their last quarter alone they made over 9k million USD, if I'm reading it right [0].
> Verizon chose to pay fine, giving up right to jury trial
40Million fine is a cost of doing business, but my question is if people's data was sold without consent, why is a class action not taken against them? Where is the right of the injured party here ?
[0 ]https://www.verizon.com/about/investors/quarterly-reports/2q...
0xEF
4 hours ago
When the punishment for the crime is a fine, it's just a subscription service that allows the wealthy to break rules, trust and expectations.
But, let's push that fine up to $40 billion US (with a b) and see what happens. If we need to go harder, let's add some enforceability, too. Maybe they have 1 year to pay it or lose the right to do business in the US (or whatever country) for 12 months? Get creative with the pain, but cause it none the less.
Walk softly, but carry a big stick.
rickdeckard
4 hours ago
> But, let's push that fine up to $40 billion US (with a b) and see what happens.
Or a percentage of the global revenue. That's basically the EU's GDPR directive.
Worked wonders. US should try that too once it's back on a citizen-friendly path again...
petcat
2 hours ago
> Or a percentage of the global revenue. That's basically the EU's GDPR directive.
> Worked wonders.
Unfortunately the GDPR is mostly toothless considering that the fines against Meta and Amazon were basically nothing. Certainly nothing close to a "percentage of global revenue".
Honestly, the whole thing seems aimed at just shaking down American tech companies to try to collect some additional revenue to keep funding the EU bureaucracy.
The system only exists to preserve itself.
latexr
an hour ago
> Honestly, the whole thing seems aimed at just shaking down American tech companies
Not if you follow the cases as they happen. You probably think of the USA companies (and even then only a subset) being fined because those are both the biggest offenders and the ones with the most money, in addition to being the most well known.
https://en.wikipedia.org/wiki/Availability_heuristic
But they are far from being the only ones affected. noyb pursues cases all over Europe too.
rickdeckard
an hour ago
Well Meta was fined 1.2bn Euro in 2023 for violating GDPR guidelines, the latest being another 91m Euro in 2024 IIRC, making the total so far somewhere along 2.5 billion euros.
A quick Google-search tells me Meta's Europe Revenues in 2023 were 31.21bn USD, so the fine was ~3.5% of their Europe revenue at least (but yes, lesser on their global revenue).
Either way, the purpose of GDPR is not to earn money, but to reach compliance to the guidelines. The directive didn't fail if a company wasn't fined for not being compliant, it's the lever to reach compliance.
> Honestly, the whole thing seems aimed at just shaking down American tech companies to try to collect some additional revenue to keep funding the EU bureaucracy.
There's a world outside of US as well, even within Europe.
Companies whose main business is to deal with personal data are of course harder to transform, but it's hard to overstate the impact GDPR already had on the huge mass of companies who DON'T primarily deal with personal data.
Many People on here who worked in a larger company when GDPR became effective have seen the seismic impact it had on how PI/PII data is being handled. Suddenly companies asked themselves whether they REALLY need all this PII in all those different data silos across their operations.
GDPR isn't perfect, the EU isn't perfect, but with GDPR the EU made a leap forward in Private Data Protection.
johndhi
39 minutes ago
I work in this field and disagree with a lot here.
My thinking is that if a data protection office did not fine Meta or Bytedance in a given year, heads would roll. It's a revenue collection device.
petcat
an hour ago
> GDPR became effective have seen the seismic impact it had on how PI/PII data is being handled.
I think the only thing most people are seeing are the absolutely obnoxious cookie banners spewed across the entire world wide web. I think a lot of people truly believe that the EU single-handedly ruined the internet. And now they're attempting to impose even more misguided laws on themselves with chatcontrol nonsense.
I think it's fine to let them do it, as long as the mess stays in the EU.
bell-cot
27 minutes ago
Whatever amount you actually manage to fine them, they'll just find ways to make other people pay.
Instead, start revoking their spectrum licenses.
gruez
13 minutes ago
>In their last quarter alone they made over 9k million USD, if I'm reading it right [0].
How much did they make selling or otherwise monetizing location data?