rnercleStarting today Facebook must pay $100.000 to Norway each day for violating our right to privacy.
Xylight (Photon dev)They make $1.4B per day. This is basically just a cheap subscription for them
Semi-Hemi-DemigodFor comparison, if you made $365,000 per year this would be the same as you paying 7 cents per day in a fine, or $25 per year.
If a fine is less than the profit it is legal and the cost of doing business.
ElwExactly right. Facebook will factor this in as am expected cost of doing business (if they didnāt already) and their stock will go up. This isnāt a penalty, this is just like paying a bribe. In the end, both are just lining the pockets of officials more interested in appearing to do something for the next news cycle so they can get re-elected.
Did you mean $365,000,000? Or did you get confused by the ā.ā? Cause thatās used as a comma for numbers in a lot of European countries, so itās $100k per day, not $100.
Also, itād be exactly 10 cents per day, since $365k per year would be $1k per day, which 100 is 10% of.
No, they meant 100k is 0.0071428571429% of 1.4b, and 26 is the same percent of 365k. Basically, if you made 365k a year and had an equal percentage fine, it would come out to less than 7 cents per day.
Thanks for checking my math
Ah, my mistake.
No, they meant 100k is 0.0071428571429% of 1.4b, and 26 is the same percent of 365k. Basically, if you made 365k a year and had an equal percentage fine, it would come out to less than 7 cents per day.