this post was submitted on 06 Mar 2024
188 points (100.0% liked)
Technology
37707 readers
482 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Apple will put up with fines if it judges that if they manage to avoid the fine, the financial benefit will outweigh the fine.
If there's a 50% chance that I stand to make $100m, and a 50% chance to be fined $20m, it makes sense (if I'm unethical, like corporations are) to take that gamble. Even more so if I think I can use lawyers to shift the chances in my favor.
If you're to make $100m, and there's a 99% chance to be fined $100m... it still makes sense to risk it, worst case scenario you end up as you were.
The beauty of EU's laws, is that the fines are set as a % of "global revenue", not just of revenue in the EU, nor in terms of profits, so large multinational corporations stand to lose way more than what they are likely to gain by not complying.