Gregory's Server@callin @stroughtonsmith $1.3B was 3% of their net profit from last year. That’s like fining me $500. Fining Facebook chump change after the fact doesn’t stop them from already having misused user data, or misuing other user data in the future. You know what does help? Apple not giving data to Meta in the first place. Meta can’t misuse data that they don’t have. Personal privacy rights should not be up to company values, but they currently are.
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@whereami @stroughtonsmith It's 3% this time. You're talking as if meta shareholders are ok with potentially being fined 20% of global revenue is business as usual. @callin @whereami @stroughtonsmith if its that or a theoretical 21% loss of revenues via WAVES HANDS then they will accept it |
@callin @stroughtonsmith Any regulation that attempts to prevent misuse of data that a company *already has* is unlikely to work unless breaching it results in consequences approaching the severity of, say, liquidation of the company and the imprisonment of every employee and board member with knowledge of the breach who did not report it.