Comment on "Tea cup" app - user database leaked today (incl. drivers license & IDs). Daily reminder not to give your ID to online services [THEY DO NOT PROTECT YOUR INFORMATION]
The higher of €20m or 4% of global annual turnover.
Indeed, and the kicker is that 4% is on turnover, not profit. That can really hurt.
Yeah it has to be that way otherwise all these venture capital funded businesses that never actually make a profit could just do whatever they want, and considering that’s basically every startup it would essentially neuter to the law.
Thatsthepoint.jpg
zwerg@feddit.org 1 day ago
Indeed, and the kicker is that 4% is on turnover, not profit. That can really hurt.
echodot@feddit.uk 1 day ago
Yeah it has to be that way otherwise all these venture capital funded businesses that never actually make a profit could just do whatever they want, and considering that’s basically every startup it would essentially neuter to the law.
spankmonkey@lemmy.world 1 day ago
Thatsthepoint.jpg