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Norway Took On Meta’s Surveillance Ads and Won
(www.wired.com)
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this post was submitted on 06 Aug 2023
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That's still just $36.5 million a year, that should be the daily rate for a company the size of Facebook.
these fines usually come with a court order to fix the problem, not fixing it will lead to exponentially higher fines or even a complete ban.
But the article says it was AFTER they did not follow laws and court orders for five years
It's around $10 per person in Norway. Which I imagine is quite a bite of their profits. Going by the average revenue per user (world), it's more than a third of that, so even accounting for profit margins likely being higher in Norway, it's potentially a huge chuck of their profits, if not all of them and a bit.