Comment by Someone
3 years ago
It’s such a small amount because it’s a small infringement (incorrect default for a privacy-related setting that was corrected, I guess fairly rapidly because of the height of the fine)
3 years ago
It’s such a small amount because it’s a small infringement (incorrect default for a privacy-related setting that was corrected, I guess fairly rapidly because of the height of the fine)
The thing is, when big things happen too its still not a very large fine.
January 4 (https://www.nytimes.com/2023/01/04/technology/meta-facebook-...):
“Meta suffered a major defeat on Wednesday that could severely undercut its Facebook and Instagram advertising business after European Union regulators found it had illegally forced users to effectively accept personalized ads.
The decision, including a fine of 390 million euros ($414 million), has the potential to require Meta to make costly changes to its advertising-based business in the European Union, one of its largest markets.”
Even ignoring that it is including a fine, I would think $414 million is large enough for some fairly high-up managers at Meta getting flak for it.
The company makes like 30 billion in revenue for a year, they could certainly be bled a lot more.