for context, that’s 0.04% of the profits Amazon earned in France alone (€9B) in 2022.
Which if my math is correct, at an average US household income of $75k that is equivalent to a whopping $30.
As always, when the fine is less than the extra profits earned by breaking the law that’s just the cost of doing business. Until these fines are like 10x+ the extra profits earned this is going to be the normal.
I’ve always advocated for fines to be assessed as a percentage of global annual revenue.
“Oh, your global revenue was $100B? That will be $1b please.”
EU takes 10% of the profits if rules like GDPR and other Digital acts are breached.
But only at the first offence. The second time they take 20%.
its €10M or 2% turnover whichever is higher, doubling for more sever infringements. Fining based on turnover is the way to go as it eliminates wriggling out of fines and makes them hurt.
Oh no, however will Amazon recover from having to pay the equivalent of checks notes a cinema ticket?
They already put ads on Prime Video now and charge $2.99 a month to remove them. Expect it to be higher in a few months if they have to pay this.
$35 million
Très petit
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yeah the fine is more like a warning telling them to not do this anymore
They’ll have made that back several times over in the time it took them to send them the fee
Only about 3,000 more billionaires to serve as dragon dinners
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Ok, snowflake
I imagine /s ^
