FCC fines largest wireless carriers for sharing location data

Re:FCC fines largest wireless carriers for sharing location ... by NickC25 on Monday April 29, 2024 @05:23PM (#40204300)

Shareholders also don't care if the behavior continues so long as the profits from the behavior continue to vastly outweigh the cost of the activity in question.

If the fine is $ABC, and that fine never changes, but profits grow from $ABC x3 to $ABC x10, shareholders will actually get mad that the corporation doesn't continue the activity in question because there's net profit growth.

Sadly, sometimes the cost of quelling an FCC or SEC violation charge is simple "lobbying".

[ Parent | on HN ]

Re:FCC fines largest wireless carriers for sharing location ... by ethbr1 on Monday April 29, 2024 @09:40PM (#40206386)

The business community seems pretty upset by the penalties the SEC has been levying lately...

https://news.bloomberglaw.com/us-law-week/the-supreme-court-...

(The Supreme Court declined to hear the case)

[ Parent | on HN ]

Re:FCC fines largest wireless carriers for sharing location ... by dchftcs on Tuesday April 30, 2024 @08:06AM (#40210096)

To be fair, they are not mutually exclusive. Businesses are incentivized to fight penalties as long as they think the legal costs are small enough compared to the fines themselves, regardless whether the activity their fine on was still profitable after the fine.

[ Parent | on HN ]