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E.U. Prepares Major Penalties Against X

(www.nytimes.com)
139 points dotcoma | 1 comments | 06 Apr 25 17:47 UTC | HN request time: 0.246s | source
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twalkz ◴[06 Apr 25 18:21 UTC] No.43603601[source]▶
I guess at some point the EU has to do something if they want companies to keep implementing these regulations under the calculus of “cost of implementation vs. cost of fines that arise from non-compliance”.

I would love to believe that some companies would follow these regulations even without severe threat, because they’re the right thing to do for users, but I know in a lot of cases it can take significant time, effort, and money to keep up with every regulation coming out of the EU

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1. mentalgear ◴[06 Apr 25 18:36 UTC] No.43603776[source]▶
That's also been the issue for decades with the financial industry: the fines and probability of getting caught are far less (and already 'priced' in) vs the big profits.

And if the shit really hits the fan, they know that the government is going to pay to rescue them with taxpayer money (just one example: financial crisis of 2008).