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Comment by quadral | Hacker News Reader

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.

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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-...

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-...

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.

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/#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%.

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-f...

>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.

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