I think the 2 points the article makes about that are pretty valid though. It’s most probably more than Facebook’s revenue in this single country plus it’s just the beginning.
I would love for the EU to just go all-out hardcore privacy protection and fine GAFAM et al. into fucking oblivion for not complying. If they shut down services, that’s probably for the better, although it will be a rough awakening for most people (probably including myself)
Companies operate at a loss in certain markets all the time in order to keep competition out. Even if they’re not profitable in Norway, they don’t want a Norwegian social network muscling in on their territory.
I think the 2 points the article makes about that are pretty valid though. It’s most probably more than Facebook’s revenue in this single country plus it’s just the beginning.
It must be nice to live in a country that actively protects its people.
I would love for the EU to just go all-out hardcore privacy protection and fine GAFAM et al. into fucking oblivion for not complying. If they shut down services, that’s probably for the better, although it will be a rough awakening for most people (probably including myself)
GAFAM?
Google Amazon Facebook Apple Microsoft 👉 big tech
Just a guess:
Google
Amazon
Facebook
Apple
Microsoft
The big 5 tech: Google, Apple, Facebook, Amazon, Microsoft
There’s a few other acronyms for the same, this is the one I remember most often
Protectionism🤮
Companies operate at a loss in certain markets all the time in order to keep competition out. Even if they’re not profitable in Norway, they don’t want a Norwegian social network muscling in on their territory.
“Competition is for losers.” - Peter Thiel, first investor in Facebook and mentor of Mark Zuckerberg