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Man, it's the same rigged game in tech – giants like Google or Meta pull shady data practices and walk away with a fine that barely dents their billions, while some solo dev gets sued into oblivion for a minor API mishap. Rules are for the little guys, I guess; makes me want to rage-quit the whole industry sometimes.
Let’s say you’re an upper-middle class US of A citizen, sitting at $950,000 net worth. You commit huge wire fraud. But instead of going to prison, you get a $50,000 fine. Isn’t that a slap on the wrist?
Yet this is exactly what Goldman Sachs got away with in 2016 (95B market cap, 5B settlement).
Isn’t it neat that those who are too big to fail are always too big to obey the law? Rules for thee and not for me.
rant