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293 points giuliomagnifico | 1 comments | | HN request time: 0s | source
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shayway ◴[] No.45108426[source]
> Amazon argued that the class was too large to be manageable

Sorry, we've wronged too many people to be held accountable! What a wild argument.

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p1necone ◴[] No.45108647[source]
Unfortunately this approach seems to fly all the time for large businesses.

Plucky startup takes the 'ask forgiveness rather than permission' approach and ignores a bunch of regulations, legal system doesn't care because they're just a plucky startup.

10 or so years later plucky startup is a massive corpo, another 5 or so years later the legal system catches up but they're a massive corpo making piles of cash and the worst the legal system can do at that point is penalize them with the equivalent of pocket change compared to the piles of cash they made while ignoring those regulations.

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gruez ◴[] No.45108802[source]
>up but they're a massive corpo making piles of cash and the worst the legal system can do at that point is penalize them with the equivalent of pocket change compared to the piles of cash they made while ignoring those regulations.

Examples? Usually when I see this argument being brought up, it's usually something like "[multinational megacorp] fined $x for breaking Belgian privacy laws", and then people pile in saying how "$x is 1% of [multinational megacorp]'s turnover" and therefore the fine is just "a cost of doing business", but neglecting to account for how much % of their revenue is in Belgium, or how much money they could have plausibly gained from the offenses in question.

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briffle ◴[] No.45108972[source]
Equifax: In September of 2017, Equifax announced a data breach that exposed the personal information of 147 million people. The company has agreed to a global settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau, and 50 U.S. states and territories. The settlement includes up to $425 million to help people affected by the data breach.

Apparently, your personal information is worth about $2.90.

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1. justinclift ◴[] No.45110590{4}[source]
And they're still in business too. :(