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“Italian watchdog fines Facebook 7 million euros over improper data use”
It took Facebook a little over 42 minutes to make that much money in 2020.
Source: https://www.macrotrends.net/stocks/charts/FB/facebook/revenue
@GustavinoBevilacqua
The #GDPR already allows for that, but the best law is meaningless if it's not applied.
@aral agreed. That’s just the government getting their cut
@aral
Even the $5b fine some US agency gave FB after *years* of investigation, only lowered that *quarters* profit.
I'm getting increasingly convinced that jail time is the only deterrent.
Not much enjoying your $50b from Rikers, eh Zuck?
A fine that takes you 42 minutes of being in business to pay is not a fine, it’s an incentive. It’s a legitimisation of your business model.
#DataProtection #GDPR #regulation #farce