Privacy win: Starting today Facebook must pay $100.000 to Norway each day for violating our right to privacy.
tutanota.comWith a fine of only $100,000 Norway could destroy Facebook's & Instagram's business model relying on personalized ads.
😁
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I think the 2 points the article makes about that are pretty valid though. It’s most probably more than Facebook’s revenue in this single country plus it’s just the beginning.
Companies operate at a loss in certain markets all the time in order to keep competition out. Even if they’re not profitable in Norway, they don’t want a Norwegian social network muscling in on their territory.
It must be nice to live in a country that actively protects its people.
I would love for the EU to just go all-out hardcore privacy protection and fine GAFAM et al. into fucking oblivion for not complying. If they shut down services, that’s probably for the better, although it will be a rough awakening for most people (probably including myself)
Protectionism🤮
GAFAM?
Just a guess:
Google
Amazon
Facebook
Apple
Microsoft
Google Amazon Facebook Apple Microsoft
The big 5 tech: Google, Apple, Facebook, Amazon, Microsoft
There’s a few other acronyms for the same, this is the one I remember most often