Facebook, Instagram face Norwegian ban from tracking users for ads
https://www.politico.eu/article/facebook-instagram-norway-ban-track-users-ads/Open linkView original on sh.itjust.worksSyndicated from the fediverse. Read and engage on the original instance.
View original on sh.itjust.workshttps://www.politico.eu/article/facebook-instagram-norway-ban-track-users-ads/Open linkView original on sh.itjust.works
4 replies
Meta will face daily fines of €89,500 if it doesn’t comply with the order.
Bet they can write it off as expenses.
That equates to $36.7M/year. Last year, Meta had a revenue of $114B, so the fine is 0.03% of their total revenue. Definitely just getting written off
37m in one country. Considering the size if the market share in Norway, this is quite a huge fine. If only other countries would do the same. Imagine 37m x 160 or so countries where Meta is active
They should make these kind of fines increase the longer they don’t comply