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by dharmab 1000 days ago
Inversely, heard at a very large AdTech company when a room full of engineers was told about then-upcoming GDPR requirements:

"Can't we just pay the fines?"

"No. The fines scale as a percent of revenues."

2 comments

The "percentage of global revenue for the whole parent corporation" was the genius bit in GDPR.

Otherwise Facebook could've just founded Privacy Violation Inc and done all the bad shit there. There's just one employee, Frank, and he's paid minimum wage.

Now if, for example, Youtube fucks up the GDPR fines are calculated on the global annual revenue of all of Alphabet Inc.

If the percent is less than the profit margin…
n% of a multibillion dollar company? The shareholders would be out for blood!
Depends on if the opposite (following GDPR) give more profit margin then this one.