Recently a European Court has judged that Meta’s way of collecting and using people’s data in Europe has been in violation of privacy regulations between 2018 and 2023. Now Meta announced an option of Facebook and Instagram without personalized ads for 120 euros per year. European users would have the option to pay or agree to personalized ads. But is your right to privacy for sale? Let’s find out!
20% of their revenue comes from the EU, almost all of it from ads. I’d argue that complying with the law would cost them more than a quarter of the EU ads revenue, without affecting their costs much -> that’d be 5% of global revenue. Breaking the law still pays.
Also, how do you conclude that 448 million people paying 90 EUR per year, for a total of 40 billion EUR, wouldn’t offset a 4.66 billion USD fine?
If the fine was 4% of global revenue every month, sure. So far it looks like it’d be every 3-5 years though…
Lol oh yeah, good point.