No, a million is cost of doing business. Once you get into single digit percentage fines, you’re hurting them. Or do you expect shareholders to say, “ah, that’s fine, that’s just the EU, we’re gonna hold Meta stock because we like them”?
Another thing to consider is that it’s also about how many of those fines can the company absorb. Fine them a million? They can take a thousand of those before it even starts making a dent. But how many of the 1% fines can they take? 5? 10? 20?
Why would you want that? Do you seriously want to bankrupt a company for a single mistake? Not sure that’s the world I want to live in. Once this cat’s out of the bag, it’s hard to put back.
No, a million is cost of doing business. Once you get into single digit percentage fines, you’re hurting them. Or do you expect shareholders to say, “ah, that’s fine, that’s just the EU, we’re gonna hold Meta stock because we like them”?
Another thing to consider is that it’s also about how many of those fines can the company absorb. Fine them a million? They can take a thousand of those before it even starts making a dent. But how many of the 1% fines can they take? 5? 10? 20?
Why not make the fine 100%?
Why would you want that? Do you seriously want to bankrupt a company for a single mistake? Not sure that’s the world I want to live in. Once this cat’s out of the bag, it’s hard to put back.