Nigeria fines Meta $220M for violating consumer, data laws
reuters.com
reuters.com
This is just a shakedown move by a corrupt, extremely incompetent government looking for funding…they might have just begged Zuckerberg to donate directly.
This country has never cared about data privacy. They literally handed our entire national identity database to dubious third parties, by refusing to implement basic security practices [1].
I hope Zuckerberg tells the government to pound sand and just blocks Nigerians from Facebook, WhatsApp, and Instagram. It’s not like Meta makes much profit from this poor country anyway.
1- https://www.thecable.ng/revealed-how-nimc-exposed-private-da...
You are describing common procedures here. Welcome to EU. /s
You are grossly uninformed. Some EU countries even encoded in their own constitution how the state neither has the right to gather specific types of data on their population, such as race and political affiliation, but also they can't gather data that can used to track people, such as cross-referencing data across ministries.
Please provide any substance to your personal assertion.
You are painfully uninformed. In the most charitable interpretarion of what you're mindlessly saying, at best you're talking about things like in which town you pay municipal taxes and where you vote. Neither have anything whatsoever to do with privacy.
And you are still yet to provide any substance to your personal assertion.
> Then on top of requiring the state knows, you have an expectation of privacy.
You are throwing wild unsubstantiated claims. Either you add specifics or you're just spewing disinformation.
- how do you measure the size of a bureaucracy
- what is the size of EU's bureaucracy
- what make it qualify as enormous, or compared to what
Failing that, stop parroting right wing memes.
[1] https://www.nytimes.com/2019/03/25/business/facebook-google-...
Nigeria's GDP in 2022 was $472B, compared to US's at $25.2T, so Nigeria's total economy is roughly 2% the size of the US.
Meta / Facebook made $134B in revenue and $39B in net income (profit) last year. Assuming 1/3 of their business is in the US, that's roughly $43B revenue & $13B profit in the US last year.
If we assume their business is proportionate to GDP, they made $860M revenue & $260M profit in Nigeria last year.
So this fine is basically the company's entire profit in the country in a year.
https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?location...
I’d be shocked if the numbers were that high.
Americans often massively underestimate the size and importance of the US.
Meta derives ~80% of its revenue from the US and Canada.
https://s21.q4cdn.com/399680738/files/doc_financials/2024/q1...
This is a really bad approach. Megacorps like fb are happy to take a loss on small countries to maintain a worldwide monopoly. Perhaps I'd go with a power law distribution, rather than uniform? A few whales can cover a whole lot of leeches.
None of the positive capabilities Meta offers are unique to Meta products - there is not a single capability in Meta's entire lineup that cannot be met by competitors with a less malicious and untrustworthy past.
Meta's conglomeration of psychological poison truly is the "cigarette makers" of our generation.
Aaaalso, as always, everyone... please stop calling them the M-word. It's still the greedy, creepy facebook. Don't let them claim this awesome word & get away with making people forget who they truly are.
You make a great point on namewashing, but to be clear, my issue is with the morality of the whole company, not just the individual product going by the same name as the company before their rebrand.
Nigeria is Africa's largest economy and most notable democracy.
Referring to it as a "banana republic" just hints at bias.
“Banana Republic” is a fitting description.
The worst EU leader is far better than the average African leader. Then it gets worse with civil service agencies over here…they’re corrupt to the point of being almost irredeemable.
Countries like India, Nigeria, Bangladesh, Pakistan are corrupt to the very skeleton, for the lack of a better expression.
But, I also think people have lesser appreciation of their situation.
You might see corruption everywhere there in Nigeria. But maybe it’s much better than Sierra Leone or Somalia.
Indians see India as fully corrupt. But we have to pay bribes for making passports and recording our lands after a purchase or inheritance. Bangladeshis have to pay bribes to police for all of the above, as well as minor things like- if someone needs to drive a car at night. Police stops you, and asks you your purpose for driving at night and demands bribes. Just like that. No violation needed. That's in Bangladesh. But you won't see it in Mumbai or Delhi.
Western people have no darned idea about total ubiquitous corruption and incompetence in third world. They just self sensor and argue for the fear and risk of sounding racist and prejudiced.
It's very difficult to explain to Westerners how deeply corrupt our societies are relative to the rule of law we/they enjoy in the West.
https://www.transparency.org/en/cpi/2023
To tie this into your conversation:
Nigeria would rank 145th, the US would be ranked 24th, and the lowest-ranking EU country, if I'm not mistaken, would be Hungary at 76th.
https://freedomhouse.org/country/nigeria https://www.transparency.org/en/countries/nigeria https://www.cfr.org/article/nigerias-all-too-familiar-corrup...