That doesn't mean it should always be applied. We shouldn't be attempting to annihilate companies. Just make sure the fine outweighs the benefit of doing something - just as we would with most fines.
I am not sure we shouldn't try to annihilate companies, is a good strategy, or at least not for any company, Meta is useless for society and constantly lying, stealing, omitting, exploiting, endangering, we shouldn't be willing to annihilate companies who make mistakes, probably we should aim to annihilate companies which consistently behave at the edge of civilization
I don't think it's up to you to decide if Meta is useless to society (which society? There are many). If it vanished it would be a huge problem for many societies. That implies it's not useless.
Of course it's not up to me, I am entitled to my opinion, it's implying that each phrase ends as IMHO (OR we need to make it explicit? Are we that bad? Can a single expose an idea that isn't his own?)
But yeah it's not up to me, but history is history
I'm not in the mood of self-inflicting pain to go back to each scandal related to meta, but I guess these are quite heavy examples of the contribution of this company to society(ies?)
As European I've lived through the crisis of 2008, when people were killing themselves due to lack of money and the only concern of EU was pleasing markets, save banks without any repercussions to those who caused all that pain, etc.
I am aware that EU is a PR stunt, probably will make some regulation here and there, but nothing exceptional, it's still a neoliberal/corporativist sewer at the end of the day
Yeah, I mean, it is part of EEA, pays for the access to common market, respects the EU directives, but has no saying, but that doesn't like make big difference
Fines should be proportional to the damage they deter and compensate for. Fixing fine to revenues means tech companies can make a mockery of the law, as penalties must be ruinous for every other industry or laughably low for tech’s margins.
Fine fixed to profit will do no damage as oppose to fixed to revenue, because profit comes after all expenses so the fine will have no effect, apart from maybe hurting shareholders a little. I agree with your general sentiment though.
Shareholders are the owners of the company. I would think that's where you'd actually want the fines to hit. The shareholders should be responsible for putting in sensible leadership that doesn't get them fined.