Kewtie BirdJan 4, 2023
Josh Sternberg

NYT: "Meta suffered a major defeat on Wednesday that could severely undercut its Facebook and Instagram advertising business after European Union regulators found it had illegally forced users to effectively accept personalized ads.

The decision, including a fine of 390 million euros ($414 million), has the potential to require Meta to make costly changes to its advertising-based business in the European Union, one of its largest markets."

https://www.nytimes.com/2023/01/04/business/meta-facebook-eu-gdpr.html

Meta Fined $414 Million After Ad Practices Ruled Illegal Under EU Law

The decision is one of the most consequential issued under the E.U.’s landmark data-protection law and creates a new business headwind for the social media giant.

Jan 4, 2023 at 3:25pmWeb
Show threadCharlotte OdoyleJan 4, 2023

@joshsternberg

Heads up, Elon Musk! Lol.

Show threadAustin TateJan 4, 2023
@joshsternberg I wish the prosecutors would not settle such bad behaviour just for money? Or insisting on just a few changes in their operations. Money penalties do not work for these large social media companies. They just treat it as the cost of doing business as usual. Legal penalties, admission of guilt and jailing the directors, as well as banning them from holding any future position in any company might work better.