this post was submitted on 21 Nov 2023
279 points (97.6% liked)

Technology

59392 readers
2918 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
L3s@fry.gs
L4s@fry.gs
L4s@lemmy.world
enu@lemmy.world
279
Big Tech generated billions in fines but didn't pay them (m.economictimes.com)
submitted 1 year ago by 520@kbin.social to c/technology@lemmy.world
19 comments fedilink hide all child comments
 

Ireland's data regulator confirmed to AFP that Meta has not paid any of the ₹2 billion ($2.2 billion) in fines issued since last September. TikTok also owes hundreds of millions.

you are viewing a single comment's thread
view the rest of the comments
[–] kirklennon@kbin.social 3 points 1 year ago

Hmm, with some lawsuits going years and years, seems like postponing decisions could save a lot because of the time value of money.

The specifics vary depending on exactly what is owed to whom and why, but in many of these cases the amount owed is subject to interest if, ultimately, it must be paid, or the money has actually already been provided but is held in escrow.