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by ineedasername 2527 days ago
Well, that's the thing. FB didn't necessarily case $5B in damages, they broke the consent agreement. Actual damages might be, relative to the fine, minimal. It's hard to say how much monetary damage Equifax actually caused, but I thin it's not unreasonable for a primary tenet of setting fine levels the hurt, but aren't so punitive the the company must shutdown unless the activity was so egregious that a return to legitimate business may not even be possible or practical. Sort of like, in banking, the difference between leveling lots of fines on WellsFargo for their shenanigans but lettings Lehman Brothers just fail and go bankrupt. (I know, opinions differ on how these things should have gone down, and on whether Equifax should have been forced to wind down and parcel of its services to other entities. I'm just trying to explain why actual damages isn't always the sole consideration.)