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> European data protection authorities can only impose small fines at the moment, but a new EU privacy law entering into force next year will increase fines to
by gourou 9y ago
> European data protection authorities can only impose small fines at the moment, but a new EU privacy law entering into force next year will increase fines to up to 4 percent of a company’s global turnover.
Would it be 4% of Whatsapp's or FB's revenue?
- 1_2__4 9y agoFB's.
- notimetorelax 9y agoThis is company’s global turnover, not product’s. So, up to 4% of the turnover in the entire company, since WhatsApp is wholly owned by FB, then it’s 4% of FB turnover. FB revenue for 2016 is 27B * 4% ~= 1B.