They make $1.4B per day. This is basically just a cheap subscription for them
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Fines like these should be exponential in some way, that way they can't keep getting away with it.
Nah, exponentiation is too good for them.
Fines should be tetrated.
This guy ββ
Explanation for the downvoters: The double up arrow is the symbol for tetration.
Not enough. The price for violating a human right should be enough to leave anyone bankrupt.
Besides panicking a few regional managers, this can only be a bad news for Meta if other countries, or even better, the EU follows them.
100kUSD/day for a 5.4M inhabitants country, that scales to 8.3M$/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!
Meta was also recently ordered to pay a thousand dollars to every brazilian who can prove they were using Facebook in a specific year. Though they are still fighting back on that decision and no payment was made yet.
This will probably be changed into some fixed payment to the government instead, if not overturned completely, but it would be fun to see the whole country getting some extra paychecks for using Facebook.
This is exactly the sort of thing I want governments doing. Let bad businesses fail! Help them down the drain, even.
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)
I did not get what you meant at first but yeah most of us europeans us "," as a decimal and "." to make bigger numbers more readable
I should visit Norway, sounds like there are cool people there.
From what I've been hearing, it's actually one of the best places to live in.
LOL. To put that in perspective, let imagine it's some $100,000 annual pay worker. This means Facebook just added 365 employees to their ranks, if they ignored this order completely.
They fire and hire people in the thousands, the penalty is a joke of scale.
I wish WhatsApp get similar treatment also. the entirety of my country depend on it.
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