this post was submitted on 11 Jul 2024
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148
Grindr faces massive fine for allegedly sharing “sensitive” user data (www.lgbtqnation.com)
submitted 4 months ago by jeffw@lemmy.world to c/technology@lemmy.world
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[–] Evotech@lemmy.world 2 points 4 months ago* (last edited 4 months ago) (1 children)

Grindr had an Operating Income of $55 Million kn 2023

So the fine is over 10%. Still hurts id say

https://investors.grindr.com/news/news-details/2024/Grindr-Inc.-Reports-Fiscal-Year-2023-Revenue-Growth-of-33/default.aspx?ref=platformer.news

[–] Grippler@feddit.dk 2 points 4 months ago* (last edited 4 months ago)

But like I said, I believe global revenue is a better measure for global corporations when it comes to how large fines should be. They have to be large enough to make these companies proactive and not just reactive. 10% of their global revenue is almost 50% of their income, now that is going to make a difference.