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€1.2B GDPR fine for Meta

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Re: €1.2B GDPR fine for Meta

#11

Post by matsemann »

> “It took us ten years of litigation against the Irish DPC to get to this result. We had to bring three procedures against the DPC and risked millions of procedural costs. The Irish regulator has done everything to avoid this decision, but was consistently overturned by the European Courts and institutions. It is kind of absurd that the record fine will go to Ireland - the EU Member State that did everything to ensure that this fine is not issued."

Kinda crazy how Irish regulators did everything in their power to avoid this outcome. But I guess that's why Meta and other big players are situated in Ireland, they rely on them not enforcing stuff and some meager taxes.

Re: €1.2B GDPR fine for Meta

#12

Post by oaiey »

hunglee2 wrote: post #4

"The current conflict between EU privacy laws and US surveillance laws are also a problem for all other large US cloud providers, such as Microsoft, Google or Amazon" Globalised tech companies caught in the middle here, hard to see how they can continue to service global markets without a huge per-country localisation effort. Ones that could do it will increase cost (passed onto users of course), those that cannot wi…

Yes indeed. If you do business in a country, adhere to the rules of this country. Simple.

True globalization (one global rulebook) is a probably not to achieve, considering all the different aspects of societies in this world (degree of capitalism, degree of privacy, degree of social class responsibility, degree of liberal society, degree of ...).

The G7 countries (aka US, EU, JP, Australia) are lucky to have a rough idea on what that should be. When you talk to China then you start banning stuff instead of playing court fines and regulatory alignment.

Re: €1.2B GDPR fine for Meta

#13

Post by capableweb »

allendoerfer wrote: post #6

Lack of data protection is becoming a competitive disadvantage for US companies, costing the US tax money.

Is Meta a government entity now? Last time I checked, it was a public for-profit company, the money they pay the fine with is money they extracted from other companies, not from the government itself.

Re: €1.2B GDPR fine for Meta

#14

Post by capableweb »

hunglee2 wrote: post #4

"The current conflict between EU privacy laws and US surveillance laws are also a problem for all other large US cloud providers, such as Microsoft, Google or Amazon" Globalised tech companies caught in the middle here, hard to see how they can continue to service global markets without a huge per-country localisation effort. Ones that could do it will increase cost (passed onto users of course), those that cannot wi…

> hard to see how they can continue to service global markets without a huge per-country localisation effort

You (the company) could maybe instead protect everyones data equally (or rather, avoid slurping up as much personal data as they possibly could), then you won't have to go through the whole process of making everything per-country localized.

By GDP, the European market is the second largest in the world, it's hard to imagine US companies would try to avoid it without thinking about it for a good while.

Re: €1.2B GDPR fine for Meta

#16

Post by avianlyric »

capableweb wrote: post #13
allendoerfer wrote: post #6

Lack of data protection is becoming a competitive disadvantage for US companies, costing the US tax money.

Is Meta a government entity now? Last time I checked, it was a public for-profit company, the money they pay the fine with is money they extracted from other companies, not from the government itself.

Last I checked the US government taxed US corporations based on profits. One would assume that if US corporations are making less profit due to fines, then they’re also paying less taxes to the U.S. government.

Re: €1.2B GDPR fine for Meta

#17

Post by capableweb »

avianlyric wrote: post #16
capableweb wrote: post #13

Earlier quoted context omitted.

Is Meta a government entity now? Last time I checked, it was a public for-profit company, the money they pay the fine with is money they extracted from other companies, not from the government itself.

Last I checked the US government taxed US corporations based on profits. One would assume that if US corporations are making less profit due to fines, then they’re also paying less taxes to the U.S. government.

Generally I don't think you count profits that never happened as "cost to the taxpayer".

What if Facebook spend 2B USD on a product that was supposed to be wildly successful, but it failed big time, does that count as "costing the US tax money" as they never made the profit they could have made?

Re: €1.2B GDPR fine for Meta

#20

Post by heavenlyblue »

avianlyric wrote: post #16
capableweb wrote: post #13

Earlier quoted context omitted.

Is Meta a government entity now? Last time I checked, it was a public for-profit company, the money they pay the fine with is money they extracted from other companies, not from the government itself.

Last I checked the US government taxed US corporations based on profits. One would assume that if US corporations are making less profit due to fines, then they’re also paying less taxes to the U.S. government.

Break the law to potentially get oversized profits, pay no tax if you are caught breaking the law. That's a perfect business plan.
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