SELECTstarFROMreddit@sh.itjust.works to Technology@lemmy.worldEnglish · 1 year agoMeta being fined $100k a day for personalized ads in Norwaytechcrunch.comexternal-linkmessage-square90fedilinkarrow-up11.08Karrow-down125cross-posted to: technews@radiation.party
arrow-up11.05Karrow-down1external-linkMeta being fined $100k a day for personalized ads in Norwaytechcrunch.comSELECTstarFROMreddit@sh.itjust.works to Technology@lemmy.worldEnglish · 1 year agomessage-square90fedilinkcross-posted to: technews@radiation.party
minus-squaredarkdemize@sh.itjust.workslinkfedilinkEnglisharrow-up11arrow-down2·1 year agoThat’s peanuts for a company that size. That’s the cost of doing business.
minus-squareMidwestMayonaiseSalad@lemmy.worldlinkfedilinkEnglisharrow-up30arrow-down2·1 year 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.worldlinkfedilinkEnglisharrow-up30arrow-down1·1 year 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-square8bitguy@kbin.sociallinkfedilinkarrow-up3·1 year agoThe way I read it, the fine is capped to $1M NOK.
minus-squareDigitalWebSlinger@lemmy.worldlinkfedilinkEnglisharrow-up2arrow-down1·1 year agoThis is what you might call a “public-private partnership”.
That’s peanuts for a company that size. That’s the cost of doing business.
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”.