Starting today Facebook must pay $100.000 to Norway each day for violating our right to privacy.
Starting today Facebook must pay $100.000 to Norway each day for violating our right to privacy.
tutanota.com Privacy win: Starting today Facebook must pay $100.000 to Norway each day for violating our right to privacy.
With a fine of only $100,000 Norway could destroy Facebook's & Instagram's business model relying on personalized ads.
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Besides panicking a few regional managers, this can only be a bad news for Meta if other countries, or even better, the EU follows them.
100kUSD/day for a 5.4M inhabitants country, that scales to 8.3M$/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!
They have to break the DMA once that's in effect, 15% of their global yearly revenue is exactly what they deserve!
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