cyu@sh.itjust.works to Technology@lemmy.ml · 1 year agoFacebook, Instagram face Norwegian ban from tracking users for adswww.politico.euexternal-linkmessage-square4fedilinkarrow-up1147arrow-down15
arrow-up1142arrow-down1external-linkFacebook, Instagram face Norwegian ban from tracking users for adswww.politico.eucyu@sh.itjust.works to Technology@lemmy.ml · 1 year agomessage-square4fedilink
minus-squarededale@kbin.sociallinkfedilinkarrow-up17·1 year agoMeta will face daily fines of €89,500 if it doesn’t comply with the order. Bet they can write it off as expenses.
minus-squareUsernameLost@lemmy.mllinkfedilinkarrow-up5·1 year agoThat equates to $36.7M/year. Last year, Meta had a revenue of $114B, so the fine is 0.03% of their total revenue. Definitely just getting written off
minus-squareRonno@kbin.sociallinkfedilinkarrow-up2·1 year ago37m in one country. Considering the size if the market share in Norway, this is quite a huge fine. If only other countries would do the same. Imagine 37m x 160 or so countries where Meta is active
minus-square2xsaiko@discuss.tchncs.delinkfedilinkEnglisharrow-up2·1 year agoThey should make these kind of fines increase the longer they don’t comply
Meta will face daily fines of €89,500 if it doesn’t comply with the order.
Bet they can write it off as expenses.
That equates to $36.7M/year. Last year, Meta had a revenue of $114B, so the fine is 0.03% of their total revenue. Definitely just getting written off
37m in one country. Considering the size if the market share in Norway, this is quite a huge fine. If only other countries would do the same. Imagine 37m x 160 or so countries where Meta is active
They should make these kind of fines increase the longer they don’t comply