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Starting today Facebook must pay $100.000 to Norway each day for violating our right to privacy. (tutanota.com)
submitted 2 years ago* by to c/privacy@lemmy.ml
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[–] 108 points 2 years ago* (2 children)

For comparison, if you made $365,000 per year this would be the same as you paying 7 cents per day in a fine, or $25 per year.

If a fine is less than the profit it is legal and the cost of doing business.

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  • [–] 20 points 2 years ago

    Exactly right. Facebook will factor this in as am expected cost of doing business (if they didn’t already) and their stock will go up. This isn’t a penalty, this is just like paying a bribe. In the end, both are just lining the pockets of officials more interested in appearing to do something for the next news cycle so they can get re-elected.

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  • [–] 6 points 2 years ago (2 children)

    Did you mean $365,000,000? Or did you get confused by the "."? Cause that's used as a comma for numbers in a lot of European countries, so it's $100k per day, not $100.

    Also, it'd be exactly 10 cents per day, since $365k per year would be $1k per day, which 100 is 10% of.

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  • [–] 7 points 2 years ago (2 children)

    No, they meant 100k is 0.0071428571429% of 1.4b, and 26 is the same percent of 365k. Basically, if you made 365k a year and had an equal percentage fine, it would come out to less than 7 cents per day.

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