alt Hacker News1% of their market cap. I don't think we'll see someone with a net worth of $100,000 paying only a $1000 fine for harming children.
Replies
Wololooo • today at 2:34 PM
You are absolutely right, they would commit fraud on an unprecedented level and get away with hundreds of millions!
iamacyborg • today at 1:57 PM
If the handling of the Epstein files in the US is anything to go by, they’d get away scot free.
Market cap is generally the wrong measure. If you registered asf1254 Inc., and it was always just you, and it traded like Meta stocks trade, then "asf1254 Inc." would have a market cap ~6.2× whatever you're currently earning.
i.e., if you earn $100k/year, you'd be "worth" $620k, and 1% of that would be a fine of $6200.