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FCC fines largest wireless carriers for sharing location data

docs.fcc.gov

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Re: FCC fines largest wireless carriers for sharing location data

#11

Post by jjtheblunt »

1024core wrote: post #5
rattlesnakedave wrote: post #4

> Sprint and T-Mobile – which have merged since the investigation began – face fines of more than $12 million and $80 million, respectively. AT&T is fined more than $57 million, and Verizon is fined almost $47 million This seems fundamentally unserious. To scope it, Verizon's gross profit for the twelve months ending December 31, 2023 was $79.087B.

They'll just write it off as cost of doing business. Increase the fines by 2 orders of magnitude, that will get their attention.

You mean 100x?

(Still might be ignorable)

Re: FCC fines largest wireless carriers for sharing location data

#12

Post by jmward01 »

The core issue is transparency. I don't want to see a 'privacy policy', I want to see who a company has sold/given my information to and what limitations that sale has. The concept is simple. If you collect anything about me and allow some other entity access, you tell me about it/make it easy for me to see -and- block. Most of this abuse of personal data would go away if people knew it was going on.

Re: FCC fines largest wireless carriers for sharing location data

#14

Post by ado__dev »

uptown wrote: post #9

Sprint - $12 million fine (In 2019, Sprint Corporation's revenue amounted to 33.6 billion U.S. dollars) T-Mobile – $80 million fine (T-Mobile US annual revenue for 2021 was $80.118B) AT&T - $57 million fine (AT&T revenue for the twelve months ending March 31, 2024 was $122.317B) Verizon - $47 million fine (Verizon annual revenue for 2023 was $133.974B)

Just the cost of doing business.

Re: FCC fines largest wireless carriers for sharing location data

#15

Post by jazzyjackson »

kstrauser wrote: post #6
xchip wrote: post #2

How much is the cost per user? Maybe it is not that much in the end (as usual)

The total fine seems to be $200M, so maybe a buck a person. That’s still a whole lot more than their previous fine of $0.00 for it. Now we have a precedent.

A precedent that selling out your users gets you a slap on the wrist

Re: FCC fines largest wireless carriers for sharing location data

#18

Post by tithe »

uptown wrote: post #9

Sprint - $12 million fine (In 2019, Sprint Corporation's revenue amounted to 33.6 billion U.S. dollars) T-Mobile – $80 million fine (T-Mobile US annual revenue for 2021 was $80.118B) AT&T - $57 million fine (AT&T revenue for the twelve months ending March 31, 2024 was $122.317B) Verizon - $47 million fine (Verizon annual revenue for 2023 was $133.974B)

Sprint - 0.0003 of revenue

T-Mobile - 0.0009 of revenue

AT&T - 0.0004 of revenue

Verizon - 0.0003 of revenue

Re: FCC fines largest wireless carriers for sharing location data

#20

Post by Rebelgecko »

jjtheblunt wrote: post #11
1024core wrote: post #5

Earlier quoted context omitted.

They'll just write it off as cost of doing business. Increase the fines by 2 orders of magnitude, that will get their attention.

You mean 100x? (Still might be ignorable)

That would decrease their EPS by like 50%, investors would probably care which means the company wouldn't ignore it IMO
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