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  • Semi-Hemi-Demigod@kbin.social
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    1 year ago

    For comparison, if you made $365,000 per year this would be the same as you paying 7 cents per day in a fine, or $25 per year.

    If a fine is less than the profit it is legal and the cost of doing business.

    • Elw@lemmy.sdf.org
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      1 year ago

      Exactly right. Facebook will factor this in as am expected cost of doing business (if they didn’t already) and their stock will go up. This isn’t a penalty, this is just like paying a bribe. In the end, both are just lining the pockets of officials more interested in appearing to do something for the next news cycle so they can get re-elected.

    • Ech@lemm.ee
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      1 year ago

      Did you mean $365,000,000? Or did you get confused by the “.”? Cause that’s used as a comma for numbers in a lot of European countries, so it’s $100k per day, not $100.

      Also, it’d be exactly 10 cents per day, since $365k per year would be $1k per day, which 100 is 10% of.