Norway Took On Meta’s Surveillance Ads and Won
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.
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.
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That's still just $36.5 million a year, that should be the daily rate for a company the size of Facebook.
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.
But the article says it was AFTER they did not follow laws and court orders for five years
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.