this post was submitted on 04 Mar 2024
735 points (98.9% liked)
Technology
58303 readers
18 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Which is why it's better for fines to be expressed as percentages of revenue of the company. Not raw amounts. That way it truly hurts their bottom line and makes them listen and comply.
I mean, that is what happened here -- they looked at market cap and yearly revenue to determine the fine amount. I agree with you for like speeding tickets which need to have their fines pre-listed, but for stuff like this a commission deciding the fine is exactly what you want. They could have gone higher ofc but the higher you make the punitive damages the higher the chances of an appeal working.