Meta will face daily fines of €89,500 if it doesn’t comply with the order.
Bet they can write it off as expenses.
this post was submitted on 17 Jul 2023
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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
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
They should make these kind of fines increase the longer they don’t comply