Comment by ajsnigrutin
7 days ago
My prediction, facebook gets fined something like ~12 million euros, eu bureaucrats shake their hands, facebook finds a different way to do the same thing.
Definitely not even close to 32B
7 days ago
My prediction, facebook gets fined something like ~12 million euros, eu bureaucrats shake their hands, facebook finds a different way to do the same thing.
Definitely not even close to 32B
The EU doesn’t play around in this realm.
1.2 billion fine for an earlier incident: https://www.edpb.europa.eu/news/news/2023/12-billion-euro-fi...
1.2B is less than 1% of Meta's revenue in FY2024. Maximum fines for infractions like these should exist on a sliding scale, as some percentage of prior revenue.
The point was it’s two orders of magnitude more than the original comment stated. Also 1% of yearly revenue is not insignificant.
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Probably best indexed to profit rather than revenue. 10% of revenue would be a one quarter’s profit for meta, but more than a year’s profit for Amazon and about 9 years of profit for Otto. Higher margins / profits should mean higher fines.
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Something that you can sensibly express as a fraction of the revenue of Meta is significant though.
It must be low enough that Meta never seriously considers to pull out of Europe.
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They actually do; max GDPR penalty is 4% global revenue, say.
Of course the concern would be that even at that rate some companies might see it as a cost of doing business.
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[flagged]
> Meta has suffered zero liability in the EU. I guess because Zuc gives money to transgenders or something.
I'm sorry, but are you a real person?