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.
With a fine of only $100,000 Norway could destroy Facebook's & Instagram's business model relying on personalized ads.
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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.
But how much money do they make in norway though? And it’s all a matter of consistently increasing that cost of doing business everywhere
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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