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4chan fined $26K for refusing to assess risks under UK Online Safety Act (arstechnica.com)
submitted 11 months ago by to c/technology@lemmy.world
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If 4chan continues to ignore Ofcom, the forum could be blocked in the UK. And 4chan could face even bigger fines totaling about $23 million or 10 percent of 4chan’s worldwide turnover, whichever is higher. 4chan also faces potential arrest and/or "imprisonment for a term of up to two years," the lawsuit said.

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[–] 4 points 11 months ago* (1 child)

Pretty sure 4chan is Japanese owned now so I'm confused. I guess they still operate out of the USA. Idk. Currently owned by Hiroyuki Nishimura, who also owns 2channel. He acquired 4chan from Christopher Poole 2015. Good Smile Company is a major investor but he's still in charge.

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  • [–] 1 point 11 months ago

    Its probably a parent company situation.

    Lots of corpo structures are just large parent companies that actually just own a bunch of smaller companies so that the parent company gets the profits while the smaller companies make the risky products and can be bankrupted at any minute.

    The company I work for does that. We just bought a couple companies that were competitors in a risky but profitable market. The full idea is that if one company gets sued to oblivion, we let that company die, move all the employees and customers to the backup company, and call it a day.

    Capitalism baby!

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