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 $100,000 Norway could destroy Facebook's & Instagram's business model relying on personalized ads.
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Not enough. The price for violating a human right should be enough to leave anyone bankrupt.
Besides panicking a few regional managers, this can only be a bad news for Meta if other countries, or even better, the EU follows them.
100kUSD/day for a 5.4M inhabitants country, that scales to 8.3M$/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.
All the governments should do like this
Anti revenue stream.
I likey
Danegeld.
Danegeld never changes.
What would facebooks reaction be if they had to pay the full amount of taxes without ways around it?
Norway should raise taxes on Facebook.
Oh no, not 100k. How will they ever scrape up that kind of money?