TMobile fined $60M for unauthorized access to data: the largest fine of its type | Hacker News Reader

TMobile fined $60M for unauthorized access to data: the largest fine of its type

9to5mac.com

60 pointsLexSiga18 comments

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On $43bn profit in 2021 (when this happened), or 0.1% of their profit.

I'm sure they're crying.

What, is that really profit and not revenue?

Anyway, add the sum to calculated risk to do profits by reducing effort to do or use quality software and systems.

It is indeed profit. They have a ~50% profit margin.

It is indeed not

Their 2023 annual report does report an “adjusted EBITDA margin” of 47% for 2023. But their net income margin is 13%. They are borrowing money to upgrade their network for each new technology, so I think it’s fair to include depreciation and interest when measuring the profitability of their business.

Cost of doing business. I wonder if it’s tax-deductible.

I don’t think that number is correct. T-Mobile’s net income in 2021 was $3.024 billion. I think you might be confusing the first number on the page (postpaid revenue of $42.562 billion) for profit.

See page 45 of https://s29.q4cdn.com/310188824/files/doc_financials/2021/ar...

You point still stands, the $60 million fine is 2% of their net income.

You're right thanks!

$43bn profit lol! Come on

Indeed. Misread the doc, and I’d had two beers when I posted. Unfortunately I can’t edit it now.

Original source: https://www.reuters.com/business/media-telecom/us-committee-...

How does that compare to the CEO's annual comp?

It will work only if it's paid from upper managements paycheck.

They must have signed off this as their acceptance during risk assessment, if not they should take this as lesson to do more evaluation in the future.

You know the conversation went like: "You can give us 600M fine and we will pay it, or you can give us 60M fine and we will forward another 20M to you."

Still falls pathetically short of what it should be.

What should it be?

CEO loses the tip of his pinky

Wish that M was a B, then it would actually hurt.

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