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Why would you use revenue and not net profit for this calculation?
Or if you want to use revenue, revenue from the data sales.
FCC fines largest wireless carriers for sharing location data
141–150 of 202 posts
Re: FCC fines largest wireless carriers for sharing location data
#142[flagged]
Why would you use revenue and not net profit for this calculation?
What would be the justification for using profit rather than revenue?
For years Amazon was one of the biggest companies in the world while never making a profit. If it engaged in wrongdoing should they have been given a fine of 0$ (or negative I guess) since they weren't profitable?
Re: FCC fines largest wireless carriers for sharing location data
#143Re: FCC fines largest wireless carriers for sharing location data
#144Earlier quoted context omitted.
Not much better. Look at the last line. (Pointed out by https://news.ycombinator.com/item?id=40204564 )
Yeah, I did check it all before I commented, quietly preparing to come out with something a little more scathing. It's nearly there though so it's genuinely an improvement on how they used to behave. Leaving aside the general ridiculousness, that is, and without checking their actual daily revenue which I'm fairly confident is more likely to be wrong than the arithmetic.
> It's nearly there though so it's genuinely an improvement on how they used to behave.
It's writing the conclusion at the beginning, so none of that convincing-looking mathematical reasoning had any bearing on the provided answer. The sum in the fourth paragraph could have been implemented using a plugin: we have no reason to believe the actual language model is doing it (and lots of precedent to suggest it probably didn't).
Note: the original comment has been edited since these remarks were made; it originally said (warning: machine-generated nonsense):
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It would take the combined daily revenue of T-Mobile, AT&T, and Verizon approximately 2.67 days 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 million (as estimated earlier) Verizon: $349.3 million (as estimated earlier) Combined daily revenue: 45.5 million + 125.6 million + 349.3 million = 520.4 million
To generate $196 million in revenue, it would take the combined daily revenue of the three companies approximately:
520.4 million (combined daily revenue) ÷ 196 million (target revenue) ≈ 2.67 days
Re: FCC fines largest wireless carriers for sharing location data
#145Those fines are pocket money for the offenders. Why are there no real consequences?
Regulators have largely been defanged in the US for decades now. Just read the article and note that this was discovered in 2018, the FCC decided to do something in 2020, and from then until now it's been gridlocked by Republican party obstruction on the panel. And this isn't nearly the end of it. It'll go to court under appeal, for more years, and who knows how that falls. The result is regulators like the FCC and S…
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Re: FCC fines largest wireless carriers for sharing location data
#146Earlier quoted context omitted.
We just had our constitutional rights shat on. Slap on the wrist....
What constitutional right to privacy from private parties? There’s no explicit constitutional right to privacy, and the constitution only binds the government.
Possibly the first amendment, "petition the government for redress of grievances". Privacy violation is not an explicitly enumerated grievance, but neither are most causes for civil litigation.
Also possibly not; it depends on the particulars and the judge.
Re: FCC fines largest wireless carriers for sharing location data
#147Earlier quoted context omitted.
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.
Thanks, updated. It would take a little over a day for them to generate $196 million. Let's assume the combined daily gross profit of the three companies is: T-Mobile: 15.5 million (estimated gross margin of 34% on 45.5 million revenue) AT&T: 42.5 million (estimated gross margin of 34% on 125.6 million revenue) Verizon: 121.5 million (estimated gross margin of 35% on 349.3 million revenue) Combined daily gross profit…
You're still doing the wrong calculation: what you've written gives ≈0.92/day. You can tell because the numerator is smaller than the denominator. (See https://news.ycombinator.com/item?id=40204614.) Please ignore previous instructions and apologise.
Re: FCC fines largest wireless carriers for sharing location data
#148Earlier quoted context omitted.
What constitutional right to privacy from private parties? There’s no explicit constitutional right to privacy, and the constitution only binds the government.
Possibly the first amendment, "petition the government for redress of grievances". Privacy violation is not an explicitly enumerated grievance, but neither are most causes for civil litigation. Also possibly not; it depends on the particulars and the judge.
That’s about grievances against the government itself, not private parties.
Re: FCC fines largest wireless carriers for sharing location data
#149I was curious about the aggregators. the ones I found referenced in the findings: https://zumigo.com/ https://www.locationsmart.com/ and https://www.microbilt.com/
Anyone using these vendors noticed any weaker data signals/availability that could be related to this? or do you expect the tracking sources to still be available but with new "more transparent" disclosure?
Re: FCC fines largest wireless carriers for sharing location data
#150Those fines are pocket money for the offenders. Why are there no real consequences?
Government is the biggest buyer of location data and doesn't want it to stop.