Re:Spyware Company Leaves ‘Terabytes’ of Selfies, Messages, ...
by amonavis on Thursday August 23, 2018 @03:29PM
(#17829957)
Up to 4% of the company's revenue doesn't solve much. Depending on the sector, 4% of revenue (are we talking EBITDA?) may potentially be less than a slap on the wrist, and internally middle-management will take the blame for the reduction in sales margin/operating profit.
[ Parent
| on HN ]
Re:Spyware Company Leaves ‘Terabytes’ of Selfies, Messages, ...
by lmkg on Thursday August 23, 2018 @04:36PM
(#17830493)
The above comment is almost certainly a reference to GDPR, for which the maximum penalty for malicious non-compliance is "up to 4 % of the total worldwide annual turnover." It is not net income or profit or EBIDTA or anything else that subtracts operating cost, it is revenue.
Re:Spyware Company Leaves ‘Terabytes’ of Selfies, Messages, ...
by reitanqild on Thursday August 23, 2018 @04:32PM
(#17830464)
Parent said revenue, not EBITDA.