@[email protected] to TechnologyEnglish • 1 year agoMeta being fined $100k a day for personalized ads in Norwaytechcrunch.comexternal-linkmessage-square77fedilinkarrow-up11.08Karrow-down126cross-posted to: [email protected][email protected]
arrow-up11.06Karrow-down1external-linkMeta being fined $100k a day for personalized ads in Norwaytechcrunch.com@[email protected] to TechnologyEnglish • 1 year agomessage-square77fedilinkcross-posted to: [email protected][email protected]
minus-square@[email protected]linkfedilinkEnglish9•1 year agoThat’s peanuts for a company that size. That’s the cost of doing business.
minus-square@MidwestMayonaiseSaladlinkEnglish28•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_linkEnglish29•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-square@DigitalWebSlingerlinkEnglish1•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”.