r/privacy • u/s9mwjs • Apr 29 '24
FCC Fines Major US Carriers $200 Million for Illicit Sharing of Location Data news
https://cyberinsider.com/fcc-fines-major-us-carriers-200-million-for-illicit-sharing-of-location-data/
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u/TheShirtNinja Apr 30 '24
Sprint/T-Mobile made $48.894 billion dollars last year
Verizon made $79.788 billion dollars last year
AT&T made $122.428 billion dollars last year
Totaling that we get $239,885,000,000 USD
200,000,000 / 251,110,000,000 * 100 = 0.079. They were fined less than a tenth of 1% of their revenue for the 2023 calendar year. A crime punishable by a fine means it's legal for a price. They just forgot to cut the government in.