So, if the math I did in my head is right, this is just under $10 Million. I'm pretty sure that this is below the cost for complying, and so just another cost of doing business.
this post was submitted on 18 Jul 2023
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needs to be more, that's not even a slap on the wrist. At least 17m a day.
Thing to keep in mind on this is that it's a national regulatory decision based on an EU regulatory decision, and it is expected to be just the first of several more like it to come from it. Meaning, it is likely to spread and it is likely to escalate over time. And even if it's just an added cost of doing business, it does impact the financial viability of Facebook surveillance-capitalistic model.