Meta will face daily fines of €89,500 if it doesn’t comply with the order.
Bet they can write it off as expenses.
That equates to $36.7M/year. Last year, Meta had a revenue of $114B, so the fine is 0.03% of their total revenue. Definitely just getting written off
They should make these kind of fines increase the longer they don’t comply
37m in one country. Considering the size if the market share in Norway, this is quite a huge fine. If only other countries would do the same. Imagine 37m x 160 or so countries where Meta is active
Meta will face daily fines of €89,500 if it doesn’t comply with the order.
Bet they can write it off as expenses.
That equates to $36.7M/year. Last year, Meta had a revenue of $114B, so the fine is 0.03% of their total revenue. Definitely just getting written off
They should make these kind of fines increase the longer they don’t comply
37m in one country. Considering the size if the market share in Norway, this is quite a huge fine. If only other countries would do the same. Imagine 37m x 160 or so countries where Meta is active