this post was submitted on 11 Jul 2024
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Fines as a percentage of income is a good idea for individuals but I dont think it works for coorperations.
A more reasonable approach is:
This third point is the important one. Cooperations comit crimes because they are reasonable monetary investments. If the expected fines are always higher than the expected earnings, crimes become a bad investment.
Revoke their corporate charter permanently. The survivors will take notice and bend the knee.
I mean 6 million is probably more than they made in the Norwegian market
But what might be illegal in Norway isn't necessarily illegal or finable in other countries
I'm not sure how they Norwegian courts landed on this number though.
Grindr had an Operating Income of $55 Million kn 2023
So the fine is over 10%. Still hurts id say
https://investors.grindr.com/news/news-details/2024/Grindr-Inc.-Reports-Fiscal-Year-2023-Revenue-Growth-of-33/default.aspx?ref=platformer.news