this post was submitted on 22 Jul 2023
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If the EU slaps you with a fine, it's usually not a slap on the wrist but something that seriously stings.
Except for the big guys. Didn't Facebook have a portion on the side, for the expected fines? They still madr more money. If fines are just part of the business calculation, they don't sting enough.
€1.2B fine and the threat of 4% of their turnover as fine if they don't comply with the EU regulations. The EU does not fuck around and is not completely bought like the FTC.