Norway Took On Meta’s Surveillance Ads and Won::Meta has long fought Europe’s demands that it get people’s consent before using their data for targeted ads. Then a Norwegian regulator threatened fines of $100,000 per day.
Norway Took On Meta’s Surveillance Ads and Won::Meta has long fought Europe’s demands that it get people’s consent before using their data for targeted ads. Then a Norwegian regulator threatened fines of $100,000 per day.
That’s still just $36.5 million a year, that should be the daily rate for a company the size of Facebook.
these fines usually come with a court order to fix the problem, not fixing it will lead to exponentially higher fines or even a complete ban.
But the article says it was AFTER they did not follow laws and court orders for five years
It’s around $10 per person in Norway. Which I imagine is quite a bite of their profits. Going by the average revenue per user (world), it’s more than a third of that, so even accounting for profit margins likely being higher in Norway, it’s potentially a huge chuck of their profits, if not all of them and a bit.