😁
Fines like these should be exponential in some way, that way they can’t keep getting away with it.
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This is exactly the sort of thing I want governments doing. Let bad businesses fail! Help them down the drain, even.
As much as I hate Meta, this is just going to become a “cost of doing business”. They have $32B in yearly revenue, this would cost them $36.5mil a year, a small drop in the bucket to what they bring in.
Revenue is not profit, and Norway is really small.
If the fine is more than the profit Meta makes from Norway, something will have to change.
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Anti revenue stream.
I likey
For those who are dumb like I am, the fine is one hundred thousand per day and not one hundred per day (the decimal threw me off)
If people want to use thousands separators (and they should, if they want to not-use prefixes like kilo, Mega) they should use ’ so for example 100’000 $. Zero potential for misunderstandings.
Besides panicking a few regional managers, this can only be a bad news for Meta if other countries, or even better, the EU follows them.
100kUSD/day for a 5.4M inhabitants country, that scales to 8.3M$/day for the total 450M inhabitants EU has (yes: I know that’s not how it works, I’m doing a very gross approximation here).
That’s would be 3B$/year. Now we’re talking!
Not enough. The price for violating a human right should be enough to leave anyone bankrupt.
Norway should raise taxes on Facebook.
I should visit Norway, sounds like there are cool people there.
Yeah and some really good chess players too
Oh no, not 100k. How will they ever scrape up that kind of money?
What would facebooks reaction be if they had to pay the full amount of taxes without ways around it?
