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Facebook annual revenue last year was $134.90 billion. https://investor.fb.com/investor-news/press-release-details/2024/Meta-Reports-Fourth-Quarter-and-Full-Ye

• mbreese 2y ago
  That’s still a fine of 1% of revenue, which seems like a small percentage, but is still a sizable hit. It’s enough to make investors notice, but probably not substantially if it is a once-off event. If it isn’t a one-off event though and states/countries start fining it all over the place, then there might be more of an issue.
  • dantyti 2y ago
    as noted in the AP article, it's at least a second settlement: > In 2021, a judge approved a $650 million settlement with the company, formerly known as Facebook, over similar allegations of users in Illinois.
  • dartos 2y ago
    Ain’t no amount of money that can compare to infinite growth and mass media control.
    • j_maffe 2y ago
      This is just factually incorrect. Facebook doesn't have "infinite growth"
      • dartos 2y ago
        Tell big tech leadership and investors that
      • ta1243 2y ago
        The entire economy is based on infinite growth, and most of it is based on exponential growth, which is of course a problem. Indeed the concept of the infinite growth may well explain the Fermi paradox through the concept of a "light cage"[0] https://pureportal.strath.ac.uk/en/publications/the-light-cage-limit-to-interstellar-expansion https://pureportal.strath.ac.uk/en/publications/the-light-ca...
  • ta1243 2y ago
    If the illegal practice raised $5b in extra revenue then that's just good business sense.
• spywaregorilla 2y ago
  You should cite net income when trying to make a point on this.