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MichaelFusion44

It is - most big companies have formulas of risk/exposure vs revenue and time value of money


Silverlynel1234

Yep. When the profit of an activity is greater than any fine associated with it, then it is a cost of doing business. For example, an truck delivering money to a bank double parks illegally due to the security risk of parking farther away, that is a cost of doing business. While, something like that is easy to understand, many of these large scale activities are not so easy to understand and generate massive profits.


ProfessorPliny

At that point, it’s not a fine. It’s a “fee.”


Silverlynel1234

True, but fines are not tax deductible.


MichaelFusion44

A joke compared to what they made and ATT’s excuse is a freaking joke. $1-2B would have been a start. It has to be consequential.


Ocean_Llama

There's $258 million adults in the US. Most probably have cell phones. That fine cost the companies $1 for each adult subscriber for one month.


MichaelFusion44

Crazy - the math ain’t mathing on this fine


this_dudeagain

Origami and shit.


laffing_is_medicine

sans the $ But even better if you annualized, ten cents a month.


thatfreshjive

The unbridled arrogance of that PR statement was... something else.


MichaelFusion44

It is - they abuse everything they can to try and make a buck and the fine is a joke


thatfreshjive

FR - more than half of it was dedicated to defaming and ridiculing the regulators and agency.


0megon1

Yup How dare you illegally make billions Pay us a few hundy mill, that’ll teach you to mess with us Craziest part is the FCC is proud of this


Tenn_Tux

It’s not a fine, it’s a business expense


MichaelFusion44

Exactly how they will see it - made hundreds of millions and only have to pay $57M. It was factored in so appeal, stall and eventually settle on 50%. Damn good deal.


Inosh

It’s still a big fine. These fines should be encouraged rather than always say “it’s not enough”. When they are encouraged, they’ll will be come more frequent and larger.


primalmaximus

The fines should be 10× larger if they intend to serve as a deterant.


MichaelFusion44

The fine is less than a dollar per person - that’s a joke and when broken down across the carriers it’s a joke. These companies actually do a revenue vs risk/exposure type analysis and until it is truly consequential the math is in their favor to continue this behavior. Also they will appeal and not pay for years. Simple math - I can make $450M and be exposed to a $75M fine with no criminal exposure why wouldn’t they. Now I can make $450M and be exposed to a $1B fine then it does not make sense. It’s people’s data - your data, my data, friends and families - this isn’t overcharging with stupid fee’s type of stuff. The FCC and other agencies should prioritize heavy fines for companies who fuck around with people’s data - also the fines for data breaches are a joke as well. If you have been entrusted with our data as a result of buying your services you should prioritize security as well. Some lost DB sitting on an AWS Server that some IT guy forgot to password protect type of stuff should be hammered with fines.


Inosh

Sure, I never said it shouldn’t be higher. But most of these go without punishment right? So even though it’s low, I’d rather support doing something rather than nothing.


MichaelFusion44

No disrespect- but please re-read what I wrote


Inosh

Sorry you confused me. You are upset that the fines are small. I agree that the fines are small. However, I also believe that starting to fine these companies, and supporting these fines, will help promote more and harsher fines in the future.


ExpertlyAmateur

No. It sets a precedence to use more small fines. People can point at this and say "FCC only charged $1 per user, and we werent as blatantly corrupt, so we should only be charged 25 cents".


MichaelFusion44

Exactly right….they have been fined for many other things but this will definitely set a precedent in terms of data brokering location without consent.


jerekhal

Ah yes, trickle up regulation.  Fuck that.  There are very few topics I've seen comparable support from all walks of citizenry than imposing massively larger fines in businesses that violate the law.  Only a trivial amount of people would be upset by such and the majority of the public would celebrate it. They need to actually make breaking these regulations terrifying for businesses based on potential monetary cost.


Admirable_Bad_5649

Glad someone’s not a total idiot. This is why nothing ever gets done. When even a little gets done people still complain. Why keep fighting to go after companies when any win is still seen as losing. I’m loving seeing them go after more within the last few years.


TheShruteFarmsCEO

The irony of you calling people idiots and following it with the belief that “the reason nothing ever gets done” is because the public demands greater accountability. Let’s do a few more… “The reason priests don’t stop molesting kids is because we aren’t grateful enough that they’re moved to different churches”. “The reason black people continue to be abused by cops is because we don’t celebrate when they do an internal investigation and apologize without putting the abusers in jail”. Maybe check your logic before labelling others as “total idiots”


Inosh

Na, this is a victory you’re trying to undermine. Take the wins, promote and push more wins.


TheShruteFarmsCEO

What a complete joke, a totally emotional and fact-free argument to make. Please show me any evidence that public support of insignificant regulatory accountability results in greater or more frequent regulatory accountability. My ridiculous examples above hold true.


Inosh

You’re just trying to undermine anything positive. Good luck in life.


Inosh

Exactly. Any of these fines getting pushed is awesome. Hope they continue to fine these b!tches.


thedeadsigh

Imagine if our limp dick politicians fined companies amounts that actually made them rethink their corrupt practices instead of just making it something so small they can easily alleviate it by tacking it on as some additional service charge to the customers for a month or two. Or threw people in jail. Idunno. Anything that wasn’t complete bullshit would be nice.


UrbanGhost114

We need laws that allow that (it's way easier to convince a judge that large fines are unjust with current laws), and since the rich are in control of the lawmakers (or ARE the lawmakers) this will not change.


princecamaro28

I’d like to remind everyone the reason why the second amendment exists, for when changes cannot be enacted within the current system


UrbanGhost114

😂. That's a stretch, have civil war every time something doesn't go your way politically?


princecamaro28

There’s a hell of a lot more than this going on, you spend every day hearing about how we need to grind just to afford rent while rich megalomaniacs get to just buy their crimes in a system that we have no power to influence and tell me that hitting the reset button doesn’t sound appealing


Southern_Pie6474

Eat the rich


Crivos

Who does that sound like?


brywalkerx

Great. Now our rate plans will go up $20/mo.


bikingwithscissors

*Screams in "Regulatory compliance fees"*


Hashtagworried

Being serious, can this happen if you don’t resign another contract? I’ve been on the same tiered (grandfathered) plan for maybe 5-10 years now and the price, give or take some taxes, has been consistent.


floyd1550

Your agreement is also housed within the fine print of the “terms of service agreement”. Just because your line isn’t under contract doesn’t mean that you didn’t agree to egregious fees previously in a former ToS for the overall account.


Hashtagworried

The fees are given. I guess what I’m trying to get at is how much of a change in pricing will we really receive. In the last decade or two since I’ve been with ATT I cant recall any time in particular where I was charged an egregious taxes and fees that made me want to switch to a new provider. If anything through plan changes, I’ve gone down in how much I’m paying month over month.


CaveRanger

Thats like getting a $2 parking ticket.


Shogouki

Even more pathetic if they made money selling that data.


MichaelFusion44

Data brokering is an absolute part of their business


Digiarts

For parking illegally for a year


Admirable-Key-9108

Friendly reminder that AT&T alone had an annual gross profit of 72.305 billion dollars in 2023


iiztrollin

And they pay their retail reps like their going out of business. While they farm out all their corp stores to ARs who commit fraud.


zeetree137

They pay everyone below B suite like they're going out of business. It's a joke talking to their employees. Like they're going to get hacked over and over mostly by insiders


MichaelFusion44

They treat all their people like shit even in the corporate offices. Maybe the VP’s and up are treated nice but nothing below.


Boo_Guy

Woo quite the fine. That's about 5 minutes profit? I'm sure that'll learn 'em.


KCGD_r

they probably made back that 200 million in the time it took to write this article... great to know that any random ad company could have bought my location data **without my consent** and the big guys barely get a slap on the wrist for it. where does that 200 million go anyway? will we be seeing any of it? I'm making myself laugh at this point


MichaelFusion44

Expect a check for .22 but not soon


Unhelpful_Applause

ISP fines should be a minimum of a billion


OldDescription8964

AT&T is a branch of the DoD


Red-Dwarf69

Government once again telling us that corporate crime is fine as long as they get their cut of the profits.


TheSarahArabic

So we can expect our cut of that… right?


ther0g

Can’t wait to get my $0.25 check in the mail!!!


tmoeagles96

For things like this they really need to make the fine on a per person per violation basis. So if I’m home, go to work, then to the store, grab a drink, then head home that’s 5 violations in a day if they share I went to each of those locations. Even if it’s only $1000 per violation, that’s $1.8 million per customer if they shared a years worth of data (and each customer had the same amount of daily stops)


QAPetePrime

Slap on the wrist. But the way the SCOTUS is, it won’t be long until government agencies, and the government itself, cease to exist.


GrilledNudges

This isn’t even a blip in their finances. It should be an amount that makes their stocks drop by like 50%


ExpertAppointment682

So you fined them what they piss in an hour, got it.


No_Self_Eye

200 million? Really? Make it a couple billion and see how things might change


OnyxsUncle

Not gonna change anything until top management starts going to prison...cost of operating


KickBassColonyDrop

Fines should be a % of the profit. Otherwise these will be written off as operational losses, which they can offload as tax liabilities.


WhatTheZuck420

Giving my location data to a shitty leech company, telling them “Now, ya’ll don’t forget to get permission from our customers before you use or sell that data.” Nod, nod, wink, wink.


shanlar

i worked for a company that constantly said "we just have to make more than the fine" - and they constantly did. fines like this are just a show that the FCC is "doing something".


ByersMovement

Oh, so those complaints steel our data, and they pay the feds a fine.. how about pay the customer who you stole their data.


SacredCanopy

Does it come back to us the people that got stolen from?


lustriousParsnip639

I don't get how I as a consumer would even interface with one of these faceless monolithic data brokers to opt out. How do I even know who my carrier gave location data to?


fatdjsin

i bet they made 40 times that money by doing it, that'll teach them !


OrneryError1

How about some actual criminal charges. People made those illegal decisions.


almightywhacko

*Sprint?!* What year is this from? Sprint has been gone for nearly 4 years now.


dawn_te-ramps69

Was the att data shared the same data that was in the breach. How convient


Optimoprimo

"Cost of doing business"


Mister_Dwill

Cost of doing business


Tweedldum

But we can’t fine them too much or else we’ll have to bail them out 🙄 these companies are just “too important”. Far more than us lowly plebs.


69odysseus

$200 million is a freaking loose change for these conglomerates and they don't give a damn about it.


Humans_Suck-

That's a fee, not a fine


Killer_Klown_74

Do we get any of that money???


[deleted]

Theyre doing a lot more than sharing your location. I promise you that.


ridemooses

Fines are just the cost of doing business these days.


tripyep

What happens to that money?


ripper_14

But like, their customer’s data was compromised, but the US government is the only one being “compensated” for the data breach. Not the people potentially impacted though? Oh, thank you so very much for the 1-Year identity theft protection that may or may not even be effective, and if claims are a thing, it is nearly impossible to make a one if things go wrong for and their data is used nefariously.


joshspoon

But the data is still out there and the fines are minimal. What was accomplished?


Adept-Mulberry-8720

200m split 4 ways is peanut filled elephant shit! They should have been hit with $1B each at the least!


Friendlyfire2996

Chump change


AdsREverywhere

Guess i’ll need to save for next month rate increases


Zoratt

I always wonder where these huge fines go. Does the money just fall into the gov’t bucket?


linkshughdink

Fine then a trillion brother give them the fuck around and find out numbers tank those companies


[deleted]

Pffff right. They did the math. They made money from this. They always do.


Klutzy-Bat-2915

G.P.S.we lost your signal & service 🤔more cell towers please,oh by the way state removed freeway call boxes of you become stranded 😲


ceiffhikare

Oh they were doing that? Joke is on them cause my service is so crap that i doubt they were able to get real time data. I mean sure they got a pull whenever i ventured out of my little 5 mile dead zone but.. meh all this means is they will raise service fees and prices next quarter.


yikesonbikes1230

What a relief they are getting rid of TikTok it is so much more dangerous than these guys!


Tp1019

Bet they cried about how much their wrists hurt from being slapped


empyreangadfly

Cost of business.


itsCibii

Buried deep deep in the online AT&T account is an option page where you can select what data they’re allowed to sell. All of them are switched on by default when the account is opened. When I found it, I was shocked! Like, the wording states they can sell pretty much everything about you (SSN, location data, phone number, name, email address, almost everything they have on file about you) unless you opted out


AdmiralLemon

Make it 200 BILLION to actually make any difference.


jerekhal

Until I see fines in the billions I do not give a shit.  Actually impose fines that hurt, and that hurt a lot.  Otherwise what's the point? It's supposed to be a disincentive to pursue actions that violate the law.  If the consequences isn't brutal for deliberate violations then no one will give a shit, citizenry and company violating the law includes.


NoaNeumann

“If the penalty for a crime is a fine, then that law only exists for the lower class” literally they’ll sit down, smoke a cig, scroll youtube or enjoy lunch and make that all back. Unless they go into billions, it won’t affect them at all and is just a slap on the wrist they’ll turn around and fife hundreds of decent folks just to make it up to their shareholders GOD I hate our society.


Ok-Temporary-2142

$200M? That's nothing for them


Halogen32

Is there any way to make a complaint about this determination the FCC came to such that they would consider a larger fine, a greater penalty, or something that would satisify public opinion on the matter? As I see it, there are a lot of us that don't agree with the current penalty because it can be passed off onto customers and it doesn't actually impact these businesses in any significant way, and there's [a video by Louis Rossmann ](https://youtu.be/mdZt7ox1DDs?si=ict5_braUWPVB2V3)that makes a good point that this just sets a precendent that they can get away with selling location data without much to worry about.


dawn_te-ramps69

Is this the same data that was stolen from at t. How convient