@SELECTstarFROMreddit@sh.itjust.works to Technology@lemmy.worldEnglish • 2 years agoMeta being fined $100k a day for personalized ads in Norwaytechcrunch.comexternal-linkmessage-square90fedilinkarrow-up11.08K
arrow-up11.08Kexternal-linkMeta being fined $100k a day for personalized ads in Norwaytechcrunch.com@SELECTstarFROMreddit@sh.itjust.works to Technology@lemmy.worldEnglish • 2 years agomessage-square90fedilink
minus-square@MidwestMayonaiseSalad@lemmy.worldlinkfedilinkEnglish30•2 years agoFacebook 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
minus-square@_Tom_@lemmy.worldlinkfedilinkEnglish30•2 years agoThat’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.
minus-square@DigitalWebSlinger@lemmy.worldlinkfedilinkEnglish2•2 years agoThis 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 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”.