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Meta appear 4 times in the top 10 with a total of about 2.25bn in fines. That sounds like a lot but it's only 1.6% of their revenue. As a cost of doing business
by onion2k 1y ago
Meta appear 4 times in the top 10 with a total of about 2.25bn in fines. That sounds like a lot but it's only 1.6% of their revenue. As a cost of doing business that's probably acceptable to the Meta board. It'd cost them more to do things properly, so there's little incentive to do so.
- layer8 1y agoThe fines will increase if they continue breaking the rules, so there is incentive.
- coldtea 1y agoThe fines are calculated to be enough to pad the coffers of the EU bureucracy and for FB to not really care, to keep this racket going.
- IsTom 1y agoBesides fines being able to grow that's global revenue, probably a bigger part of EU revenue. And their margins aren't 100%.