Meta being fined $100k a day for personalized ads in NorwaySELECTstarFROMreddit@sh.itjust.works to Technology@lemmy.world – 1042 points – 1 years agotechcrunch.com88Post a CommentPreviewYou are viewing a single commentView all commentsThat's peanuts for a company that size. That's the cost of doing business.Facebook somehow makes about $18 per person on the planet in ad revenue. Norway is 5 million people or $90 million/year all else being equal. $100k/day is $36.5 million/year. So, it’s less than it should be by probably a factor of 4-5, but still not so small they won’t feel itThat's why if a fine does not exceed the benefit the company gained from it, it's not a deterrent but a cost of business.The way I read it, the fine is capped to $1M NOK.This is what you might call a "public-private partnership".
That's peanuts for a company that size. That's the cost of doing business.Facebook somehow makes about $18 per person on the planet in ad revenue. Norway is 5 million people or $90 million/year all else being equal. $100k/day is $36.5 million/year. So, it’s less than it should be by probably a factor of 4-5, but still not so small they won’t feel itThat's why if a fine does not exceed the benefit the company gained from it, it's not a deterrent but a cost of business.The way I read it, the fine is capped to $1M NOK.This is what you might call a "public-private partnership".
Facebook somehow makes about $18 per person on the planet in ad revenue. Norway is 5 million people or $90 million/year all else being equal. $100k/day is $36.5 million/year. So, it’s less than it should be by probably a factor of 4-5, but still not so small they won’t feel itThat's why if a fine does not exceed the benefit the company gained from it, it's not a deterrent but a cost of business.The way I read it, the fine is capped to $1M NOK.This is what you might call a "public-private partnership".
That's why if a fine does not exceed the benefit the company gained from it, it's not a deterrent but a cost of business.
That's peanuts for a company that size. That's the cost of doing business.
Facebook somehow makes about $18 per person on the planet in ad revenue.
Norway is 5 million people or $90 million/year all else being equal.
$100k/day is $36.5 million/year.
So, it’s less than it should be by probably a factor of 4-5, but still not so small they won’t feel it
That's why if a fine does not exceed the benefit the company gained from it, it's not a deterrent but a cost of business.
The way I read it, the fine is capped to $1M NOK.
This is what you might call a "public-private partnership".