Meta has long fought Europe's demands that it get people's consent before using their data for targeted ads. Then a Norwegian regulator threatened fines of $100,000 per day.

Norway Took On Meta’s Surveillance Ads and Won::Meta has long fought Europe’s demands that it get people’s consent before using their data for targeted ads. Then a Norwegian regulator threatened fines of $100,000 per day.

  • query@lemmy.worldEnglish
    31·
    1 year ago

    That’s still just $36.5 million a year, that should be the daily rate for a company the size of Facebook.

    • sci@feddit.nlEnglish
      35·
      1 year ago

      these fines usually come with a court order to fix the problem, not fixing it will lead to exponentially higher fines or even a complete ban.

    • Chreutz@lemmy.worldEnglish
      10·
      1 year ago

      It’s around $10 per person in Norway. Which I imagine is quite a bite of their profits. Going by the average revenue per user (world), it’s more than a third of that, so even accounting for profit margins likely being higher in Norway, it’s potentially a huge chuck of their profits, if not all of them and a bit.