Comment on Meta fined $102 million for storing passwords in plain text

• GoodEye8@lemm.ee ⁨8⁩ ⁨hours⁩ ago

  102 million is a major fine for you. For meta that’s less than 1% of their last quarter (which was around 13 billion net income).

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  • pixelscript@lemm.ee ⁨7⁩ ⁨hours⁩ ago

    If you make $50k/yr after taxes, the equivalent fine would be on the order of about $120.

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    • psycho_driver@lemmy.world ⁨6⁩ ⁨hours⁩ ago

      Wow you have very forgiving traffic laws where you’re from. $190 for rolling through a stop sign here.

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      • pixelscript@lemm.ee ⁨6⁩ ⁨hours⁩ ago

        I’ve been told we have state senators who openly claim to only be there to keep speeding tickets low.

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  • ColonelThirtyTwo@pawb.social ⁨7⁩ ⁨hours⁩ ago

    To put it into perspective, the fine was 0.8% of that net income.

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• InEnduringGrowStrong@sh.itjust.works ⁨8⁩ ⁨hours⁩ ago

  Not for a company with 120 Billion profits.

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• floquant@lemmy.dbzer0.com ⁨7⁩ ⁨hours⁩ ago

  It is absolutely not, but I understand it’s easy to lose sense of scale when you go into billions territory.

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