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I find it interesting that the _smaller_ countries imposes these restrictions and fines as their way of generating revenue. $100,000 a day I can imagine is a fa

I find it interesting that the _smaller_ countries imposes these restrictions and fines as their way of generating revenue. $100,000 a day I can imagine is a fair bit for Norway.

silvester23 3y ago
Norway may be small in terms of population but it's still one of the richest countries in the world. I doubt they are doing this for the money.
clan 3y ago
Your imagination is lacking: "Norway's 'oil fund' earns 131 billion euros in first half of 2023" https://www.thelocal.no/20230816/norways-oil-fund-earns-131-billion-euros-in-first-half-of-2023 https://www.thelocal.no/20230816/norways-oil-fund-earns-131-...
8organicbits 3y ago
Why do you believe that? There's lots of evidence[1] of other countries issuing larger fines to social media companies. The point of these is to force the behavior to stop, not to raise money. A lower fine would probably raise more money in total, as the behavior could continue long term. [1] https://www.washingtonpost.com/dc-md-va/2023/08/09/twitter-fine-jan-6-trump/ https://www.washingtonpost.com/dc-md-va/2023/08/09/twitter-f...
closewith 3y ago
Norway's Sovereign Wealth Fund made a gain of 1,501 billion crowns or $143 billion USD in H1 2023. That's roughly $781 million USD per day in the first half of this year. I don't think this fine was about revenue generation. Source: https://www.reuters.com/business/finance/norway-wealth-fund-posts-143-billion-h1-profit-2023-08-15/ https://www.reuters.com/business/finance/norway-wealth-fund-...
jacquesm 3y ago
I think you may want to peruse the CIA world factbook for bit to bring you up to date about Norway, in particular the 'Economy' section: https://www.cia.gov/the-world-factbook/countries/norway/#economy https://www.cia.gov/the-world-factbook/countries/norway/#eco... This fine represents no more than a very small fraction of a percent of Norway's GDP. Let's generously assume $1B / day, then $100k per day is 4 decimal orders of magnitude less or 0.01%.
Ylpertnodi 3y ago
>I find it interesting that the _smaller_ countries imposes these restrictions and fines as their way of generating revenue. And I always thought fines were to disuade/ punish certain behaviours.

I find it interesting that the _smaller_ countries imposes these restrictions and fines as their way of generating revenue. $100,000 a day I can imagine is a fair bit for Norway.

silvester23 3y ago

Norway may be small in terms of population but it's still one of the richest countries in the world. I doubt they are doing this for the money.

clan 3y ago

Your imagination is lacking: "Norway's 'oil fund' earns 131 billion euros in first half of 2023" https://www.thelocal.no/20230816/norways-oil-fund-earns-131-billion-euros-in-first-half-of-2023 https://www.thelocal.no/20230816/norways-oil-fund-earns-131-...

8organicbits 3y ago

Why do you believe that? There's lots of evidence[1] of other countries issuing larger fines to social media companies. The point of these is to force the behavior to stop, not to raise money. A lower fine would probably raise more money in total, as the behavior could continue long term. [1] https://www.washingtonpost.com/dc-md-va/2023/08/09/twitter-fine-jan-6-trump/ https://www.washingtonpost.com/dc-md-va/2023/08/09/twitter-f...

closewith 3y ago

Norway's Sovereign Wealth Fund made a gain of 1,501 billion crowns or $143 billion USD in H1 2023. That's roughly $781 million USD per day in the first half of this year. I don't think this fine was about revenue generation. Source: https://www.reuters.com/business/finance/norway-wealth-fund-posts-143-billion-h1-profit-2023-08-15/ https://www.reuters.com/business/finance/norway-wealth-fund-...

jacquesm 3y ago

I think you may want to peruse the CIA world factbook for bit to bring you up to date about Norway, in particular the 'Economy' section: https://www.cia.gov/the-world-factbook/countries/norway/#economy https://www.cia.gov/the-world-factbook/countries/norway/#eco... This fine represents no more than a very small fraction of a percent of Norway's GDP. Let's generously assume $1B / day, then $100k per day is 4 decimal orders of magnitude less or 0.01%.

Ylpertnodi 3y ago

>I find it interesting that the _smaller_ countries imposes these restrictions and fines as their way of generating revenue. And I always thought fines were to disuade/ punish certain behaviours.