That's peanuts for a company that size. That's the cost of doing business.
Facebook somehow makes about $18 per person on the planet in ad revenue.
Norway is 5 million people or $90 million/year all else being equal.
$100k/day is $36.5 million/year.
So, it’s less than it should be by probably a factor of 4-5, but still not so small they won’t feel it
From the linked techcrunch article:
will face fines of up to one million NOK (~$100k) per day.
unless it obtains users’ consent to the processing
From the order itself:
The order applies from 4 August 2023
we may decide to impose a coercive fine of up to NOK 1 000 000 (one million) per day
Misleading title.
unless it obtains users’ consent to the processing
"Do you consent to the processing?"
'No, I do not consent'
[Account Suspended]
"Wait, I CONSENT! Please, take all my data! Take all the data of my entire family and everyone I've ever associated with online! ANYTHING but suspend the account. PLEASE!"
'Thank you for your patronage.'
Fine should be larger. And more countries should join in.
Thank you for coming to my ted talk.
Nah. I would hate to live in a country that bans personalized ads. It would be like living in the 90s watching cable TV seeing completely irrelevant tampon and baby ads as a single dude.
Personalized ads are much less annoying than the "spray-and-pray" noise we used to deal with.
This is a most excellent place for technology news and articles.
