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this post was submitted on 01 Nov 2023
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Privacy
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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.