My prediction, facebook gets fined something like ~12 million euros, eu bureaucrats shake their hands, facebook finds a different way to do the same thing.
Definitely not even close to 32B
Definitely not even close to 32B
1.2 billion fine for an earlier incident: https://www.edpb.europa.eu/news/news/2023/12-billion-euro-fi...
This also means all employees feel this because it affects the prospects of their raises, management pressure and in the end whether they get to keep their job or not. (I’m not saying the recent layoffs were caused by this but it sure as hell didn’t help.)
Every single penny matters to a capitalist corporation and this was not pennies.
It must be low enough that Meta never seriously considers to pull out of Europe.
Why? Threathening is one thing, actually leaving one of the largest markets is something different. Also, not much of value would be lost.
> Something that you can sensibly express as a fraction of the revenue of Meta is significant though.
Also, if the percentage is low, it just becomes the "cost of doing business" and not a fine that would actually make them rethink and not do stuff like that again.
More generally, the whole point of getting absurdly large (and such to be covered by DMA etc) is precisely to extract more monopoly profits.
GDPR is different, in that one can easily imagine a low margin company getting hurt by this, but in that case they should invest in compliance, rather like these (mostly US) companies do for US laws.
Of course the concern would be that even at that rate some companies might see it as a cost of doing business.