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#Meta condemned by EU –
Fined $1.3 Billion (!) for Violating E.U. Data Privacy Rules
https://www.politico.eu/article/eu-hits-meta-with-record-e1-2b-privacy-fine/
https://www.nytimes.com/2023/05/22/business/meta-facebook-eu-privacy-fine.html
#GDPR
POLITICOEU hits Meta with record €1.2B privacy fine
@sl007
Which is less then what they make in a MONTH?
So the profitable thing to do is to keep breaking the law and just pay the fine which will come by every 5-10 YEARS.
https://mastodon.social/@dogfox/109906638613135802
So while the number seems big, I'm not too cheerful about it.
MastodonPhDog 🇮🇪 (@dogfox@mastodon.social)@monkeyninja@mastodon.cloud
David Graeber got an economist to admit that he was not aware of single case where a company was fined more than the profit it turned breaking the law. He summarized this as the government saying: "Do all the crime you want, but if we catch you, you have to give us a cut."