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Grindr faces massive fine for allegedly sharing “sensitive” user data (www.lgbtqnation.com)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 3 months ago (1 children)

No it may not be, but it's one company and I believe they should be fines based on their global revenue, just like the EU fines alphabet, meta and apple. If a fine doesn't hurt in their global financial picture, they don't give a shit.

[–] [email protected] 2 points 3 months ago* (last edited 3 months ago) (1 children)

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

[–] [email protected] 2 points 3 months ago* (last edited 3 months ago)

But like I said, I believe global revenue is a better measure for global corporations when it comes to how large fines should be. They have to be large enough to make these companies proactive and not just reactive. 10% of their global revenue is almost 50% of their income, now that is going to make a difference.