To be fair, GDPR fines can go up to 2% of worldwide revenue. Meta was hit by a $1.3G fine just this year, which for 2022 fiscal year ($116.6G) accounts for 1.1% of their revenue.
But yeah. Most fines are mostly just the cost of business for those billionaire companies, and the ones that may not be, the army of lawyers they pay a fortune to have on payroll to fight tooth and nail against them is cheaper than what those fines really end up costing them.
To be fair, GDPR fines can go up to 2% of worldwide revenue. Meta was hit by a $1.3G fine just this year, which for 2022 fiscal year ($116.6G) accounts for 1.1% of their revenue.
But yeah. Most fines are mostly just the cost of business for those billionaire companies, and the ones that may not be, the army of lawyers they pay a fortune to have on payroll to fight tooth and nail against them is cheaper than what those fines really end up costing them.
2% of revenue is nothing
They’ll just cut 10% of workers out and the extra 8% goes to corporate bonuses