Programmer Humor

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Someone needs to be reminded that anticompetitive practices are illegal (feddit.de)

submitted 8 months ago by [email protected] to c/[email protected]

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[–] [email protected] 43 points 8 months ago* (last edited 8 months ago) (1 children)

Personally, I think it would be easier for all involved to just fine based on a percentage of global annual revenue from the date of the violation to present. If they want personhood so bad, then they can have this too.

Edit for an example: let's say Intel does anticompetitive behavior 15 years ago and a court case finds them liable for damages today. Add up the last 15 years worth of global revenue, and take a percentage of that.

[–] [email protected] 32 points 8 months ago (1 children)

Making it easy is precisely not the point. Having to deal with auditors combing through your accounting records and overseeing your operations until every dollar of illegally gained revenue is accounted for is the point.

The consequence should be onerous, cumbersome and embarrassing for the company.

[–] [email protected] 13 points 8 months ago

I get what you mean, but I prefer massive fines due immediately vs expensive and drawn out processes. Using my example, the very absolute bottom of the barrel Intel's fine could be is a percentage of over $500B (Intel's revenue in 2009 was $35B, multiplied by 15). Even at 1% based on this floor, the fine would be over $5B.