Re:Discord Inc. fined 800 000 euros by the CNIL, GDPR regula...
by nells on Thursday November 17, 2022 @10:16AM
(#33640006)
They’ve probably never made any money.
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Re:Discord Inc. fined 800 000 euros by the CNIL, GDPR regula...
by xphx on Thursday November 17, 2022 @11:03AM
(#33640851)
"in August 2021, Discord had reported $130 million in 2020 revenues, triple from the prior year, and had an estimated valuation of $15 billion"
Re:Discord Inc. fined 800 000 euros by the CNIL, GDPR regula...
by pessimizer on Thursday November 17, 2022 @11:31AM
(#33641302)
There's no evidence in that sentence that they have made a dime.
Re:Discord Inc. fined 800 000 euros by the CNIL, GDPR regula...
by kornhole on Thursday November 17, 2022 @11:42AM
(#33641510)
The company may not have recorded any profit, but the founders and other equity holders can leverage or sell that equity worth $15B.
Re:Discord Inc. fined 800 000 euros by the CNIL, GDPR regula...
by ehutch79 on Thursday November 17, 2022 @11:44AM
(#33641550)
Revenue is not profit. You need to subtract expenses and whatnot.
Re:Discord Inc. fined 800 000 euros by the CNIL, GDPR regula...
by baxtr on Thursday November 17, 2022 @11:53AM
(#33641731)
That’s right. But for GDPR no one cares about profits. They need to be fined on revenue.
Otherwise non-profit making companies could do any privacy BS and not be fined.
Re:Discord Inc. fined 800 000 euros by the CNIL, GDPR regula...
by ehutch79 on Thursday November 17, 2022 @01:12PM
(#33643117)
Good point.
Re:Discord Inc. fined 800 000 euros by the CNIL, GDPR regula...
by bradknowles on Thursday November 17, 2022 @08:33PM
(#33648650)
They need to be fined based on gross annual worldwide revenue or market cap, whichever is greater.