Those fines are pocket money for the offenders. Why are there no real consequences?
We just had our constitutional rights shat on. Slap on the wrist....
FCC fines largest wireless carriers for sharing location data
121–130 of 202 posts
Re: FCC fines largest wireless carriers for sharing location data
#122[flagged]
Why would you use revenue and not net profit for this calculation?
Re: FCC fines largest wireless carriers for sharing location data
#123Re: FCC fines largest wireless carriers for sharing location data
#124Those fines are pocket money for the offenders. Why are there no real consequences?
[flagged]
Re: FCC fines largest wireless carriers for sharing location data
#125Earlier quoted context omitted.
It should be set to 10x of all the profits they made from it to create a dilemma for the next time.
Except there is no way to prove what profits they made from it. They'll just pay an "accounting firm" to audit and say that the venture was unprofitable.
I don't know how it works in that particular situation, but usually government has its own auditors who can verify other auditor's work just in case they made mistakes.
Re: FCC fines largest wireless carriers for sharing location data
#126It would take the combined daily revenue of T-Mobile, AT&T, and Verizon approximately 9 hours to generate $196 million in revenue. To estimate the time it takes for T-Mobile, AT&T, and Verizon combined to generate $196 million in revenue, we need to calculate their combined daily revenue. Let's assume the combined daily revenue of the three companies is: T-Mobile: $45.5 million (as estimated earlier) AT&T: $125.6 mil…
The calculation is wrong. With daily revenue of $520.4mm, it takes less than half a day to generate revenue of $196mm.
It's also a less interesting approach than it would be by looking at profit, which is closer to the real impact.
Re: FCC fines largest wireless carriers for sharing location data
#127"Three big carriers." As if there are other "big carriers."
it actually says "big three", you've just read it incorrectly
Re: FCC fines largest wireless carriers for sharing location data
#128[dead]
Re: FCC fines largest wireless carriers for sharing location data
#129[flagged]
Reads like LLMs are slowly getting better at math.
Not much better. Look at the last line. (Pointed out by https://news.ycombinator.com/item?id=40204564)
Re: FCC fines largest wireless carriers for sharing location data
#130Cost of doing business