From the linked techcrunch article:
will face fines of up to one million NOK (~$100k) per day.
unless it obtains users’ consent to the processingFrom the order itself:
The order applies from 4 August 2023
we may decide to impose a coercive fine of up to NOK 1 000 000 (one million) per dayMisleading title.
unless it obtains users’ consent to the processing
“Do you consent to the processing?”
‘No, I do not consent’
[Account Suspended]
“Wait, I CONSENT! Please, take all my data! Take all the data of my entire family and everyone I’ve ever associated with online! ANYTHING but suspend the account. PLEASE!”
‘Thank you for your patronage.’
It’s going to be closer to an E-mail saying “We are informing you that we have updated our privacy policy.” which nobody is going to read. And the change is going to be an added line of “With continuation of usage of our products and services in the Norway region you give meta the right to collect and processes your information for marketing purposes.”. Which also nobody is going to read. Voila, plausible consent.
That’s peanuts for a company that size. That’s the cost of doing business.
Facebook somehow makes about $18 per person on the planet in ad revenue.
Norway is 5 million people or $90 million/year all else being equal.
$100k/day is $36.5 million/year.
So, it’s less than it should be by probably a factor of 4-5, but still not so small they won’t feel it
Fine should be larger. And more countries should join in.
Thank you for coming to my ted talk.
Just getting a fine and making huge benefits so it is “worth” to keep doing? It should be banned because it keeps doing ilegal actions but since they have money they can do whatever they want
Nah. I would hate to live in a country that bans personalized ads. It would be like living in the 90s watching cable TV seeing completely irrelevant tampon and baby ads as a single dude.
Personalized ads are much less annoying than the “spray-and-pray” noise we used to deal with.
personalised ads mean tracking
And how has ad tracking personally harmed you or even inconvenienced you?
“If there’s nothing to hide, there’s nothing to worry about”
It’s so much better having your phone listen to you when you talking about holidays and showing you airplane tickets for months to come
It should be 100k per user per day. Otherwise it’s just a rounding error for them. I can also garantee that no user on Facebook is generating 100k in ad revenue in a single day. Let alone that much in a year.
So, about .000000001 of what they make a day?
They make $10,000,000,000,000 a day? Must be a hell of a business model.
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