$5B is peanuts for FB, just Mark personal wealth is ~$74B, he could pay the fine himself.
The should have fined FB on some % of their total revenue, like GRDP. I'd say 15/20% at least.
The should have fined FB on some % of their total revenue, like GRDP. I'd say 15/20% at least.
it is relative, for normal people it is indeed a ton of cash, but you have to compare that to the size of FB. In that respect, $5B is not that much.
Though the GDPR is per violation, so technically one can be fined for more than that.