when companies are valued in billions, fines should be adjusted accordingly. $16million in fines is pennies for an oligopolist like TMobile.
T-Mobile pays $16 million fine for three years’ worth of data breaches - Ars Technica
https://arstechnica.com/tech-policy/2024/10/t-mobile-pays-16-million-fine-for-three-years-worth-of-data-breaches/